The world's second-largest retailer1, Costco Wholesale2, will open its first brick-and-Mortar store on the Chinese mainland in the Minhang District of Shanghai on August 27.
世界第二大零售商好市多在大陆的第一家实体店铺将于8月27日在上海闵行开业。
Membership for family and
corporate3 customers will cost 299 yuan (around 42 U.S. dollars).
With over 700 stores worldwide, Costco is known for its low prices and
varied4 inventory5.
It had annual revenue of more than 140 billion U.S. dollars in 2018.
The global membership
warehouse6 retailer will face direct competition from Walmart China's Sam's Club, which already has 26 stores in China, including two in Shanghai.
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