Costco Announces Major Australian Expansion with Plan for 20 New Stores

American bulk retail giant Costco has announced an ambitious expansion plan for the Australian market, aiming to open about 20 new warehouse stores over the next five years. This considerable rollout will significantly extend the company's presence in Australia, increasing competition within the supermarket and bulk retail sectors.

The expansion strategy includes targeting new markets, with active site searches underway. A major focus is on Geelong, where the company is looking for a suitable location for a new superstore to serve the regional population of Victoria. Simultaneously, similar plans are being considered for Hobart, which would mark Costco's entry into the Tasmanian market and its first retail outlet on the island.

This growth initiative reflects strong consumer demand in Australia for discount bulk shopping and membership-based retail models. The expansion is likely to involve substantial investments in real estate, logistics, and local supply chains, creating new jobs in the targeted regions. The move underscores Costco's long-term commitment to the Australian market and paves the way for increased competition with established domestic supermarket chains such as Coles and Woolworths. The company's strategy concentrates on securing large-format properties to facilitate its distinctive warehouse shopping experience.