Costco encouraged by Australia turnover

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Fruitnet.com Staff

BY FRUITNET.COM STAFF

Costco encouraged by Australia turnover

US retailer Costco has reported encouraging sales results after its first full year of operations in Australia

Costco encouraged by Australia turnover

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The Costco store in Melbourne’s Docklands generated total revenue of A$165.9m for the 2009-10 financial year, whereas the average US outlet typically reports annual sales figures of A$145m, reported the Sydney Morning Herald

The company has earmarked A$40m to fund growth in Australia, including the development of outlets in Sydney and Canberra.

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