Insight Report 5 minutes PremiumCostco’s First China Store: A First Look and a Look Ahead Coresight Research September 5, 2019 Executive SummaryOn August 27, Costco opened its first store in China. First-day traffic was so heavy the store was forced to close early due to overcrowding. The Coresight Research team was there for the opening day and made a return visit on August 29. This is what we found: The store continued to be packed, with food and consumables being the most popular section for shoppers. Costco has the most pricing advantage in electronics. In consumables, Costco offers lower prices in meat compared with online, but almost the same or higher prices for fruits. Membership retention, consumer behavior and developments in the trade dispute will determine Costco’s success in China. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Holiday 2023: Festive Frenzy of Social Commerce—Seven Social Media Strategies To Drive EngagementJanuary 2023 US Retail Sales: Most Sectors See Positive Year-over-Year Sales GrowthRetail-Tech Landscape: Drones in RetailInnovator Profile: Rentle Onboards Retailers to the Rental Market