Costco Opens New Business Centre in Manitoba
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy COST?
Source: Globenewswire
- New Business Centre Opening: Costco has launched its eleventh Canadian Business Centre in Manitoba, converting a former warehouse into a 137,000 square-foot facility that has created 190 local jobs, significantly enhancing convenience for local businesses.
- Unique Product Offerings: Over 70% of the products at the new centre are tailored for business use, catering to the needs of various enterprises such as restaurants and offices, thereby strengthening Costco's competitive position in the commercial market.
- Innovative Delivery Service: The centre features a dedicated next-day delivery service across a designated city zone, utilizing a fleet of six trucks, aimed at improving customer experience and meeting the demand for rapid delivery in the market.
- Grand Opening Promotions: During the opening week, substantial discounts are offered, including $110 off a Eurodib heavy-duty induction cooker, which is expected to attract members and boost sales, reflecting Costco's commitment to the local market.
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Analyst Views on COST
Wall Street analysts forecast COST stock price to rise
24 Analyst Rating
19 Buy
4 Hold
1 Sell
Strong Buy
Current: 979.650
Low
769.00
Averages
1061
High
1205
Current: 979.650
Low
769.00
Averages
1061
High
1205
About COST
Costco Wholesale Corporation (Costco) operates membership warehouses and e-commerce sites that offer a selection of nationally branded and private-label products in a wide range of categories. The Company buys the majority of its merchandise directly from suppliers and route it to cross-docking consolidation points (depots) or directly to its warehouses. It operates 891 warehouses, including 614 in the United States and Puerto Rico, 108 in Canada, 40 in Mexico, 35 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France, and one each in Iceland, New Zealand and Sweden. It also operates e-commerce sites in the United States, Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan and Australia. The Company provides wide selection of merchandise, plus the convenience of specialty departments and exclusive member services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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