Club store operator Costco has unveiled plans to increase the pace of its store openings in the Australian market over the next three years.

The company, which opened its first Australian store in Melbourne last summer, said that it will likely open between five and six new warehouse style outlets during the coming three years.

Access deeper industry intelligence

Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.

Find out more

Addressing analysts following the company’s recent results announcement, Costco chief financial officer Richard Galanti said that the group was focused on driving growth of its operations in the Asia-Pacific region as a whole.

The company has witnessed growth at its international business outstrip that of its domestic operations, prompting the group to look overseas to fuel growth.

”We are ramping up some of our international a little bit,” Galanti confirmed.

According to a report in the Sydney Morning Herald, Costco’s Australian MD Patrick Noone confirmed that the company has the capacity to open around two stores a year over a three year period.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

“I hope we can do that,” he commented.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now