CHINA SHANGHAI COSTCO

CHINA SHANGHAI COSTCO

Interior view of the first brick-and-mortar store of Costco in the Chinese mainland in Minhang district, Shanghai, China, 20 August 2019. Global membership warehouse club retailer Costco Wholesale Corp is scheduled to open its first brick-and-mortar store in the Chinese mainland on Aug 27, posing a strong threat to Walmart China's cash cow, Sam's Club, in a battle to win over the country's high-end consumers. Costco's first store will be located in the Minhang district of Shanghai. It has memberships for family and corporate consumers with fees priced at 299 yuan ($43.1) each. Costco has a strong record in retaining members. Its membership renewal rates in the United States and Canada hit 90 percent last year, and stood at 88 percent worldwide, according to company data. (Imaginechina via AP Images)

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19233112581958
August 19, 2019 11:07:54 PM
August 21, 2019 03:08:00 AM
dycj
ICHPL Imaginechina
dycj - Imaginechina
For editorial use only. Please contact your AP representative for commercial use. China OUT; France OUT ; IC-URN:20190820_803437
6720 x 4480 9.43 MB
China, Chinese, Shanghai, Costco, supermarket, wholesale, market, retail, retailer, warehouse, membership, club
Shanghai, CHINA
NYWWP
CTR
Zou Shan

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