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Costco opens Spanish store to get foothold in Continental Europe

Costco opened its first store in continental Europe, extending the reach of the largest U.S. warehouse-club chain into a new market after global sales exceeded $100 billion last year.

The outlet in Seville, Spain, celebrated taking its first customers yesterday, according to a company official in Madrid, where the Issaquah, Washington-based company plans its next opening.

The 140,000-square-feet (13,006 square meters) warehouse store will kick off a “revolution” in retailing planned by Costco in Spain, newswire Efe said, citing Diane Tucci, the company’s general manager for Spain.

Source: businessweek.com


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