Published July 7, 2023
Costco Taiwan & Korea Market & Growth Opportunity
inpractise.com/articles/costco-taiwan-and-korea-market-and-growth-opportunity
Executive Bio
Former SVP at Costco
Interview Transcript
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What was the mix of US and local merchandise? Roughly as a percentage of revenue?
It depended. On non-food item, it was probably 30% to 40%. On foods, on a volume basis, it would be higher because some of the US items, like Kirkland Signature nuts, did massive volumes. There was a significant quality difference, and people were buying them to sell in mainland China. I'd have a hard time putting percentages after all these years, but most of the food in the grocery department and all the fresh food was locally sourced. We were bringing in some US beef, sometimes; USDA Choice beef.
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