Costco Wholesale COST -0.61% Corp., the largest U.S. warehouse-club chain, is entering China for the very first time. The Issaquah, Washington-based company has opened a store on T-Mall, an online marketplace Chinese e-commerce giant Alibaba operates alongside the Taobao bazaar. The store, where consumers can buy Costco baby care goods, beauty items, dietary supplement as well as household products, will mail purchases directly from the U.S. to consumer doorsteps, a process that takes five to 20 days, according to the store website…Full Article: Fresh Plaza Oct 2014
- Globally, Costco operated 664 stores, but does not have a single store in mainland China.
- As of 2014, Walmart has more than 400 retail units operating in China, including 10 Sam’s club stores.