By Euro Weekly News Media •
Published: 11 Feb 2014 • 11:13
US company Costco, is to start opening stores in Spain this year, The retail giant has chosen Spain as part of its international expansion plan because of its potential for growth.
According to Spanish media reports two locations have been earmarked, Madrid and Sevilla, the store in the capital is due to open in the summer. The marketing strategy has focused on opening a couple of stores to test the market.
Currently Costco has 25 stores in Britain, 33 in Mexico and 18 in Japan, as yet it is not known the number of stores they plan to open in Spain.
Costco plans to charge 30 euros a year for individual membership and 25 euros per year for corporate memberships in Spain.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our
Share your story with us by emailing firstname.lastname@example.org, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
Download our media pack in either English or Spanish.