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0.00168634064080944 -0.000505902192242756 0.000910623946037038 -0.00134907251264748 -0.00205733558178757 0.00303541315345711 0.0141652613827993 0.0213153456998313
Stock impact report

Costco set to open new store in China's Suzhou city [Reuters]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: Reuters
Costco set to open new store in China's Suzhou city BEIJING (Reuters) - U.S. retail giant Costco ( COST.O ) will open a new store in China’s eastern city of Suzhou, near Shanghai, state media reported on Thursday. Costco’s subsidiary in Suzhou on Thursday bought a piece of land in Suzhou New District at a cost of more than 142.5 million yuan ($20.2 million), according to the management committee of Suzhou New District. The plan is for a warehouse store with a floor area of more than 50,000 square meters to be built on the site. Costco is beefing up its presence in the world’s most populous country where a rapidly expanding middle class is looking for good-quality products at bargain prices. The retailer opened its first mainland China store in Shanghai’s Minhang district in August, with customers queuing for hours to enter the store on its opening day. The company said in February it would build another store in Shanghai, with its subsidiary securing a piece of land in the city’s Pu Show less Read more
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