These 8 Cities Are About to Get a Costco! (2024)

FAQs

Where are the proposed new Costco locations in 2024? ›

The new branches will be in Florida, California, Tennessee and Texas. According to the company's website, a branch in Loomis, California will open in May. Four more stores will open in the month of June in different states: North Port, Florida; Mt. Juliet, Tennessee; Riverbank, California; and Richmond, Texas.

In 2024 Costco plans to open new stores globally. The Costco app has seen major improvements such as their digital membership card feature. There are also talks to add barcode scanning and online inventory lookup in the near future.

The Villages has attracted another prominent global chain to the nation's fastest growing micropolitan community. According to a Sumter County Commissioner, Costco Wholesale Corporation will open sometime in 2025 on County Road 466, next to the Hobby Lobby and behind Fresh Market.

Costco is unlikely to open stores in Rhode Island, West Virginia, or Wyoming solely to have locations in all 50 states. However, there are clearly untapped markets of interest to the massive warehouse chain.

"The title of Biggest Costco on the Planet belongs to the Salt Lake City store in Utah, which opened in its expanded form in 2015 (via Only in Your State). Part of the reason this particular Costco is so big is because it was remodeled as a hybrid store housing both a warehouse store and a business center in one space.

Shoppers at the new Costco store in Shenzhen, in southern China's Guangdong Province, on January 12, 2024. More than four years after Costco's first store in the country caused a stir, shoppers in the southern metropolis of Shenzhen this week flocked to the US retailer's latest outlet on Chinese shores.

A membership isn't that expensive, either. A regular Gold Star membership costs $60 per year, and an Executive membership costs $120 (and you can earn 2% back on Costco purchases). Still, any time you're paying for a membership fee, it's important to make sure you're getting your money's worth.

"We get four free membership cards (including mine) with 2% cash back annually," one long-time Costo cashier wrote on Quora. "[These] cards can be given to any family members or any friend of your choice. And if you work for Costco for more [than] 25 years [and retire, you get] a lifetime membership card."

Financial health and returning capital to shareholders

Both Amazon's and Costco's balance sheets demonstrate financial stability free of debt. Specifically, Amazon has $27.4 billion in net cash (cash and cash equivalents minus total debt) compared to Costco's $4.6 billion in net cash.

There are 10 new Costco stores planned worldwide, including nine in the U.S. and one in China. These are the Florida locations planned to open: Daytona Beach, Florida, February 2022. North Port, Florida, May 2024.

What is the most expensive village in The Villages Florida? ›

Explore The Villages, FL

There are 18 neighborhoods in The Villages. Village of Buttonwood has a median listing home price of $532K, making it the most expensive neighborhood. Village of Tall Trees is the most affordable neighborhood, with a median listing home price of $325K.

A new Costco is coming to North Port, Florida, in June 2024. The 157,000-square-foot store will be built in North Port's Wellen Park, a master-planned community in south Sarasota County.

Costco has more stores across the globe, is expanding rapidly, and generally offers cheaper prices than Sam's Club does, although the latter charges slightly less for membership, has a bigger presence in the U.S., and stocks more name brands.

The U.S. State With The World's Smallest Costco. If you don't live in Juneau, Alaska, the only way to access the world's smallest Costco is by boat or plane, as there are no main roads into the town. The population of Juneau, Alaska, is only 31,685 as of 2022, but it's a big cruise port.

Targeted locations for the new sites are: Chelmsford, Colchester, Exeter, Oxford, Cambridge, Maidstone, Brighton, Portsmouth, Bournemouth/Poole, Preston, South Glasgow, South East London, Wolverhampton / North West Birmingham, and South West Birmingham.

How does Costco decide which stores it will open and where those stores will be located? They use data. The look at the characteristics of people who shop at their current stores. Income, jobs, what they buy, distance travelled, etc.

Costco will open in early 2025 at 310 Center Point Rd. in Weatherford in Parker County. Construction is scheduled to begin in July. The warehouse clubs are 160,000 square feet and will have gasoline pumps in its parking lot, according to the filings.

Daytona Beach, Florida, February 2022.