Untitled attachment
https://static.noagendasocial.com/media_attachments/files/111/746/842/415/215/236/original/c6bcad1a4ec1a3dd.png
Costco opened a store in Shenzen and the line to get in was 3 hours long (20k+ people).
Its strategy has been smart. Costco’s first China store was in 2019 (Shanghai) and — before that — it sold Kirkland Signature on Alibaba for 5yrs to build the brand.
For comparison, Walmart opened first China store in 1996. Obviously a different model but has struggled. So did Home Depot and Best Buy.
Costco waited decades and patience seems to be working. Costco’s hot dog in China is currently $1.53
GNU social JP is a social network, courtesy of GNU social JP管理人. It runs on GNU social, version 2.0.2-dev, available under the GNU Affero General Public License.
All GNU social JP content and data are available under the Creative Commons Attribution 3.0 license.