Blog: Dean BestCostco catches Oz by surprise

Dean Best | 13 March 2009

Australia's food retail market is renowned for being one of the most consolidated on the planet. But there is a new kid on the block: the Americans are coming.

US club retailer Costco is to open its first store in Australia in July – some five months ahead of schedule.

News that Costco will open the store in Melbourne came today (13 March) and was a welcome surprise amid the plethora of bad-news stories floating around at the moment.

Coscto is also looking for a suitable site in Sydney and, to herald its entry in Australia, has issued a promotional video – which you can see here.

Now, Australia's grocer market remains dominated by Woolworths Ltd and Coles but, in a market that has faced criticism for being closed to competition, consumers are sure to welcome the appearance of another retailer on the landscape.


BLOG

Bar brawl - US snack firms Clif and Kind joust over ingredients

Clif Bar & Co. and US snack peer Kind have become involved in a public spat over the ingredients the companies use in their snack bars....

BLOG

Amazon pulls plug on Dash buttons

The retail behemoth has said shoppers will no longer be able to buy its Dash buttons, which had allowed consumers to re-order products with one push of a finger....

BLOG

Ex-PepsiCo chief Indra Nooyi gets seat on Amazon board

Former PepsiCo CEO Indra Nooyi has secured a high-profile directorship, with retail giant Amazon appointing the CPG veteran to its board of directors....



Forgot your password?