Original article by Sue Mitchell
The Australian Financial Review – Page: 15 : 23-Aug-17

Costco will boast nine stores in Australia when its third store in Sydney opens in late August. The discount retailer intends to compete directly with Amazon.com in the local market, with plans to expand into online retailing within the next 18 months. Costco Australia MD Patrick Noone says the online store will enable the company to target consumers in regional and rural areas who do not have ready access to its warehouse-style outlets. Online sales now comprises 5-6 per cent of Costco’s overall sales in the US.

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