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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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