Costco pumps $140m into Aussie growth

Costco pumps $140m into Aussie growth

COSTCO’s only Australian store made $8.9 million in sales and membership fees in its first two weeks of operation, as customers flocked to the warehouse discount outlet.

But Costco Wholesale Australia made an overall loss of $14 million in the year to August 31, 2009, due to the costs of establishing its second store and headquarters in New South Wales, its special purpose annual report revealed.

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