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Stock impact report

Costco to open its first standalone gas station with second location coming next year [FOX Business Network]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Costco is set to debut its first stand-alone gas station this summer in Mission Viejo, California, marking a major expansion of its fuel operations, with a second location in Hawaii slated to open next year. The California location, located roughly 50 miles from Los Angeles , is expected to open in late June, according to local outlet KABC, citing city officials. It will become the chain's largest gas station, featuring 40 pumps. A second location is in the works for Honolulu, Hawaii, in the Kapalama Kai community, according to C-store Dive, citing a spokesperson from private education system Kamehameha Schools, which owns the project. The move marks a major step for the discount retail giant, whose gas stations at existing warehouse locations have long been plagued by lengthy wait times, heavy traffic and crowded parking lots. Costco's Mission Viejo site at 25732 El Paseo will sit on the former location of a Bed Bath & Beyond, which city officials approved for demolition las Show less Read more
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