date:May 19, 2014
of lower prices. Under the system, customers buy low-priced products in bulk from a limited range, which Costco chooses based on the suppliers willingness to offer lower wholesale rates.
A similar wholesale cash-and-carry chain, Makro, has been in Spain for years, but is only open to business customers.
Costcos annual membership fee is in the range of 25 to 30.
Seville, and soon Madrid, will test Costcos ability to expand overseas, as it pursues its goal of approaching 1,000 warehouses by the