America's top-selling warehouse club could soon overtake its main rival in total store count, too.
BySince the height of the Covid-19 pandemic in 2020, when new store openings creeped to a halt,America's top-selling warehouse club has opened about 23 new buildings on average in each of the past three years, according to the company. Now, it's looking to press forward even more aggressively.
"We'd like to get above 25 [new stores] over each of the next five years and closer to 30 in years six through 10," Galanti said.If the plan comes to fruition, Costco would significantly outpace its chief rival, Sam's Club, and likely overtake the Walmart-owned competitor's now-slim lead in total store count.
Costco, meanwhile, operates 853 warehouses worldwide, including 587 in the U.S. and Puerto Rico. The club has already opened 14 new stores this fiscal year, including eight U.S. openings. Its newest location opened just last week in Tulsa, Okla.
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