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Monday, September 02, 2019

Costco in China

During a trip to China that looked at retail experience, we saw many low and very high end product choices in what appeared to be standard grocery.  So Costco clearly has possibilities there for similar experiences

Costco’s first day in China gets wild by Matthew Stern in RetailWire

The increasingly acrimonious U.S./China trade war didn’t seem to have an impact on the opening of Costco’s first store in China earlier this week. In fact, the first location was so slammed that it had to close early on its first day to prevent pandemonium.

The opening Tuesday quickly became a mob scene, according to CNN Business. Police were called in to restore order. Costco may owe this response in part to being not entirely unknown in China. For five years, the Seattle-based retailer has been building an e-commerce presence through a partnership with Alibaba. 

 ... "Costco received a strong reception because 'the American Dream' is now everyone's dream and Costco represents high quality bulk goods at low prices. "  ... Bethany Allee  Executive Vice President Marketing, Cybera ... 

Video footage of the opening of the Shanghai location on YouTube recalls, at some points, the alarming scenes of doorbusters in the U.S. during Black Friday’s heyday. In one clip, a crowd of customers waiting shove at the store’s metal shutter and duck under it before it is fully raised. In another, they push and jostle to grab rotisserie chickens while store staff attempt to restore calm. .... "

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