infoRETAIL reports that Costco Wholesale plans to open a third store in Spain in 2019.
Potential to expand in Spain
James Cheesemore, Costco Europe's real estate director said that “Spain has a highly developed retail market and offers good opportunities for expansion and scalability”. Once the urban planning license has been obtained, the US-based group plans to open its third store in Madrid, in 2019.
Costco’s two current stores are in Seville and Madrid, opened in 2013 and 2016 respectively. The wholesaler is also reportedly looking to expand into more Spanish cities during 2020 and 2021. It will use Broadway Malyan’s architectural services in Spain over the next 15 years.
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