Retail giant Costco eyes Greater Bay Area market with new store

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Retail giant Costco eyes Greater Bay Area market with new store

STORY: Retail giant Costco eyes Greater Bay Area market with new store SHOOTING TIME: Jan. 12, 2024 DATELINE: Jan. 13, 2024 LENGTH: 00:00:48 LOCATION: SHENZHEN, China CATEGORY: ECONOMY SHOTLIST: 1. various of Costco's opening in Shenzhen STORYLINE: U.S. retail giant Costco Wholesale on Friday opened a new store in the Chinese city of Shenzhen. This marks the sixth Costco store on the Chinese mainland. The store covers an area of 44,500 square meters, with nearly 15,000 square meters dedicated to shopping space. This opening represents a crucial step in the retail giant's expansion into south China. Costco decided to open the new Shenzhen store because of the city's development potential and economic hub status in the Guangdong-Hong Kong-Macao Greater Bay Area, said Prudence Jang, Country Manager of Costco China. Costco has over 870 stores worldwide, and some 120 million members. It opened its first store on the Chinese mainland in 2019 in Shanghai. Xinhua News Agency correspondents reporting from She

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