Costco to open new warehouse under affordable housing development in South Los Angeles [FOX Business Network]
Costco Wholesale Corporation (COST)
Last costco wholesale corporation earnings: 3/5 04:15 pm
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Source: FOX Business Network
Costco is planning to open a new Los Angeles warehouse beneath an affordable-housing complex, marking a creative expansion strategy for the retail giant. The project, located in the Baldwin Village area of South Los Angeles, is expected to open in 2027, Costco CEO Ron Vachris said during the company's first-quarter fiscal year 2026 earnings call last month. "We've got a project in Los Angeles where we're working with some developers [where] there's some affordable housing going above a Costco just north of LAX," Vachris said. "That project will open up in 2027." Vachris said the unconventional approach allows Costco to enter markets where traditional big-box development would be nearly impossible. "That would be a market we would never be able to go into and find 25 acres to build a Costco," he said. "It just wouldn't happen." The strategy, Vachris added, also helps the company move closer to customers while easing congestion at some of its busiest warehouses. "We're find
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COST
Earnings
- 12/11/25 - Beat
COST
Sec Filings
- 1/16/26 - Form 144
- 1/15/26 - Form 4
- 1/14/26 - Form 144
- COST's page on the SEC website