Over the last month, we’ve spent 5+ hours interviewing former leaders at Costco who were responsible for running the UK and European business.
From 2012-22, COST’s international store base has grown at 5.8% CAGR with Japan, Taiwan, and Korea leading drivers. The UK store base has grown 2.8% per year, with only one new store opened since 2016. In Europe, COST has only opened seven stores since 2010.
The population density and GDP per capita across the UK and Western Europe suggests COST has a far greater store opportunity than 36 stores. This analysis shares our learnings from our interviews with COST leaders and highlights the history of Costco UK, why the UK is a unique market, and the outlook for European expansion.
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.
© 2023 IP 1 Ltd. All rights reserved.
Subscribe to access hundreds of interviews and primary research