New Franklin Costco part of chain's international expansion plan
FRANKLIN, Wis. - Costco is on track to open a new southeast Wisconsin location next month as the membership warehouse chain's expansion plan continues across the U.S. and Canada.
Franklin Costco
Local perspective:
Construction of the new location, in Franklin near 27th and Drexel, broke ground in May. It's officially set to open in November, according to the company's website.
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Costco currently has 12 full-service Wisconsin locations, six of which are in the southeast portion of the state: Grafton, Menomonee Falls, New Berlin, Oconomowoc, Pewaukee and Pleasant Prairie. The Oconomowoc location opened in August.
International expansion
Big picture view:
The Franklin Costco is one of nine locations the chain plans to open in November alone as it expands across the U.S. and Canada. Two of those nine locations are in Alberta, and two others are in Ontario. Earlier this year, Costco opened stores in Mexico and Taiwan as well.
CEO Ron Vachris said earlier this year that the company wants to open 30 or more warehouses annually over the next five to 10 years. About half of those would be new warehouses in the U.S., while the remainder would open in locations around the world, with Vachris pointing out Mexico, Canada, Asia, Europe, Australia and New Zealand as potential spots for some of the future warehouses.
Costco opening 10 new stores in the US and 4 in Canada as expansion continues - See where
Costco is continuing its expansion plans with 10 new locations in the U.S. and four in Canada opening over the next two months with more planned locations in the works.
The Source: Information in this story is from Costco's website, as well as contributions from LiveNOW from FOX and FOX Business reports.