Warehouse retailing is coming to Fukuoka prefecture. COSTCO COS. INC. will open its first membership warehouse club in Japan in April 1999 in an American-style suburban shopping center now being built. Like its American counterparts, the 140,000-square-foot store will sell food, housewares, clothes, appliances and a long list of other products in bulk to members. Costco hopes to sign up 20,000 members in the first year and generate sales of between $50 million and $57.1 million. The Issaquah, Washington-headquartered company said that it also was looking for sites in the Tokyo area as well as elsewhere.
An exchange rate of ¥140=$1.00 was used in this report.