Costco Australia & China Growth
Former SVP at Costco
inpractise.com/articles/costco-australia-and-china-growth
Former SVP at Costco
The executive has over 35-years experience at Costco across the US, APAC, and Europe and also worked at Fedmart in the 1980's.
Interview Transcript
This is a snippet of the transcript, sign up to read more.
Is it a big opportunity for you? Two stores in 20 years? There's obviously a problem there.
What we learned in Japan, Taiwan, and some other countries is that it's okay to spend $70 million on a building. If you do $300 million in sale, it doesn't matter if you're not doing 80 to 100 million. Unfortunately, if you have a $75 million unit and you only do $80 to $100 million, you're going to lose a lot of money. It's about whether the population and the demographic where you build can drive the kind of sales you need. So now we take a much different look and say, well, okay, it's going to be 80 million, it's going to be 60 million, Shanghai is going to cost 100 million, whatever it is, okay. We would have never considered those numbers in the past. But now it makes sense to invest that if you're going to get the return on sales.
This is a snippet of the transcript, sign up to read more.
Related Content
Copyright Notice
This document may not be reproduced, distributed, or transmitted in any form or by any means including resale of any part, unauthorised distribution to a third party or other electronic methods, without the prior written permission of IP 1 Ltd.
IP 1 Ltd, trading as In Practise (herein referred to as "IP") is a company registered in England and Wales and is not a registered investment advisor or broker-dealer, and is not licensed nor qualified to provide investment advice.
In Practise reserves all copyright, intellectual and other property rights in the Content. The information published in this transcript (“Content”) is for information purposes only and should not be used as the sole basis for making any investment decision. Information provided by IP is to be used as an educational tool and nothing in this Content shall be construed as an offer, recommendation or solicitation regarding any financial product, service or management of investments or securities. The views of the executive expressed in the Content are those of the expert and they are not endorsed by, nor do they represent the opinion of In Practise. In Practise makes no representations and accepts no liability for the Content or for any errors, omissions, or inaccuracies will in no way be held liable for any potential or actual violations of laws, including without limitation any securities laws, based on Information sent to you by In Practise.
© 2024 IP 1 Ltd. All rights reserved.