Get ready to shop ’til you drop as Costco expands its global presence with six new store locations set to open in early 2025, bringing the total number of warehouses worldwide to over 900.
Costco Expansion Plans: New Store Locations in Early 2025
Costco is expanding its global presence with the announcement of six new store locations scheduled to open in early 2025. These additions will bring the total number of Costco warehouses worldwide to over 900, solidifying the company’s position as a leading membership-based retailer.
New Stores and Opening Dates
The six new stores are set to open in March 2025, with two locations each in Texas and California. The specific opening dates for these stores are:
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Brentwood, California: March 1
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Sharon, Massachusetts: March 1
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Highland, California: March 14
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Prosper, Texas: March 14
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Genesee County, Michigan: March 15
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Weatherford, Texas: March 15
Global Expansion Plans
In addition to the six new stores in early 2025, Costco plans to open a total of 29 new locations during its 2025 fiscal year. Of these, 26 will be brand-new buildings, and three will be relocations of existing stores. The company also has plans to expand internationally, with ten new locations outside the United States.
Membership Fees and Revenue
Costco recently increased membership prices for the first time since 2017. The annual price of a Gold Star membership rose from $60 to $65 in the US and Canada, while executive memberships increased from $120 to $130. Despite this price hike, revenue from membership fees rose 7.6% in the first quarter of the company’s 2025 fiscal year, reaching $1.17 billion.
Innovations and Changes
Costco has been implementing various innovations and changes across its stores. The company started rolling out scanners at warehouses this year, requiring members to scan their membership cards to enter some stores. Additionally, Costco is expected to stop selling books in most of its stores after the holiday shopping season.
