Costco has revealed plans to open 20 new stores across Australia over the next five years!
The US retail giant is hitting the ground running with two new warehouses opening next year in Victoria and WA. But they aren’t stopping there!
The hunt is officially on for prime spots in North and South Sydney, Perth, and Adelaide.
The biggest surprise? Costco is finally making its move into Tasmania and Geelong!
For years, Tassie locals have been holding out for a retail powerhouse like Costco or Aldi to land on the island, and it’s finally happening.
This massive growth spurt is fueled by a serious cash injection. Retail expert Gary Mortimer points out that Costco banked a whopping “half a billion dollars in profit” last financial year—even edging out Aldi. It’s clear they’re playing the long game to win over Aussie shoppers.
The plans are already in motion! A $74 million mega-warehouse and fuel station is locked in for Pakenham in 2027, proving Costco is betting big on Melbourne’s booming southeast. Meanwhile, WA fans can look forward to a third location opening in Alkimos that same year.
Managing Director Patrick Noone confirmed they are scouting “hotspots” nationwide, from Hobart to Geelong and South Adelaide.
For households feeling the pinch, this aggressive expansion means more bulk-buy bargains and more competition at the checkout. Are you ready to stock up?
