Work starts on site for Cosco unit
Print Edition
US-based warehouse wholesaler Costco recently held a groundbreaking ceremony for construction of a new membership-only shoppers鈥 club on Lianyou Road in Huacao Town.
Construction is expected to be completed in September 2019. The company is also planning a second store in the Pudong New Area.
Costco operated a site on Alibaba鈥檚 online retail platform Tmall for several years, before deciding to open its first bricks-and-mortar store on the mainland. Getting Chinese customers to accept the idea of 鈥減ay first, shop later鈥 might be the biggest challenge for the brand.
Zhang Sihan, a Costco chief executive for the Asian region, praised the cooperation of Minhang officials in the process of getting speedy approval for the new store.
It鈥檚 all part of a district effort to bring more overseas investment to Minhang. The campaign is being spearheaded by the district鈥檚 Investment Service Center.
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