Costco’s 2025 Expansion Plans: New Stores Set to Open Worldwide
Costco Wholesale Corporation, renowned as the largest warehouse membership club globally, has announced its intent to open nine new stores across various locations in 2025. This expansion marks a significant step in the company’s growth strategy as it seeks to enhance its reach both in the United States and internationally.
New Store Openings In 2025
The expansion will commence with six new warehouses set to open in March 2025, strategically located in:
- Brentwood, California
- Highland, California
- Prosper, Texas
- Weatherford, Texas
- Genesee County, Michigan
- Sharon, Massachusetts
Following these openings, a store in Stuart, Florida, is scheduled for April 2025, along with a location in Minami Alps, Japan. Moreover, later that year, Costco is also planning to establish a warehouse in Ardeer, Australia, though the exact date for this opening is yet to be determined.
Growth and Financial Outlook
At the forefront of these initiatives, Costco’s CEO and President, Ron Vachris, shared insights during a December 2024 earnings call, stating: “We continue to project 29 openings during fiscal year ’25, of which three will be relocations and so 26 net new buildings. Ten of those warehouses will be outside of the U.S.” This clearly illustrates Costco’s commitment to expanding its presence in international markets.
As of January 2025, Costco reported impressive net sales totaling $19.51 billion, reflecting a notable increase of 9.2% compared to the previous year. The retailer currently operates 897 warehouses worldwide, marking a robust performance that emphasizes the effectiveness of its business model.
Market Opportunities
During the same earnings call, Vachris highlighted promising growth opportunities in various regions, particularly in Canada and Mexico, while also signaling potential expansions in Europe and Asia. The ongoing strategy underscores Costco’s robust international growth plan that is poised to tap into emerging markets.
Looking Ahead
Costco is set to provide further updates on its earnings and sales results on March 6, 2025. The retailer continues to adapt and grow its footprint in an evolving market landscape, ensuring it remains at the forefront of the retail industry.
For further information regarding Costco’s expansion plans, visit FOX Business.
