date:Dec 16, 2013
Costco has revealed plans to scale down its new-store openings for the year, and said it continues to evaluate its fledgling online shopping offer, but has no major plans to expand the same. The comments came even as the warehouse club giant reported low single-digit growth in profit and sales for its fiscal first quarter.
Costco now plans to open 30 new outlets in the current fiscal year, down from 36 previously forecast. Nearly half of the openings will be outside the US, with four in Austral