Joel Warady

Costco Goes to the Mall for Growth

August 26, 2010

FROM RETAILWIRE:
In the past, Costco has opened the occasional club in a mall. Now, however, the company is making a push to put its stores in shopping center spaces that typically house department store anchors. What is your assessment of Costco's move into mall locations?      [more...]

This move makes a tremendous amount of sense, both for Costco and the mall owner. For Costco, it provides a space that already exists, a parking lot with a tremendous number of spaces, and usually a great location in the city. For the mall owner, Costco will bring in much-needed foot traffic, a known brand, and most importantly, a tenant that seldom closes stores, and has enough money to pay their rent.

How can the mall owner go wrong!