好市多大陆首店下周上海开业
The world's second-largest retailer, Costco Wholesale, will open its first brick-and-Mortar store on the Chinese mainland in the Minhang District of Shanghai on August 27.
世界第二大零售商好市多在大陆的第一家实体店铺将于8月27日在上海闵行开业。
Membership for family and corporate customers will cost 299 yuan (around 42 U.S. dollars).
With over 700 stores worldwide, Costco is known for its low prices and varied inventory.
It had annual revenue of more than 140 billion U.S. dollars in 2018.
The global membership warehouse retailer will face direct competition from Walmart China's Sam's Club, which already has 26 stores in China, including two in Shanghai.