date:Feb 06, 2013
nd from $38 million losses incurred since 2009 in the set-up phase of establishing three large-scale warehouse stores in Australia.
The warehouse wholesaler has since received $50 million from the United States parent group to continue Australian expansion.
Costco started in Australia four years ago and currently operates three stores in Melbourne, Sydney and Canberra and runs a club membership program for all its shoppers to join. The business sells discounted supermarket grocery lines as we