Flash Report 4 minutesRegister for Free AccessShoppers Flock to Costco’s First China Store, Forcing It to Close Early Coresight Research August 28, 2019 Executive SummaryOn August 27, Costco opened its first store in China, in the Minhang district of Shanghai. The Coresight Research team visited on opening day and saw the store gain huge traffic, forcing it to shut early due to overcrowding. Costco gained heavy traffic and customer flows: lines were formed before opening; consumers had to wait three hours for parking; average check-out time was about two hours. From August 28, Costco is introducing traffic control in the store. Costco sold 160,000 membership cards on opening day. Members enjoy benefits including full refund of membership cancellation, free return and 90-day return of electronics. Food and consumables are the most popular area to shop, with products priced around 10-20% lower than market prices. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: US, UK, EU & China Quarterly Economic Update, 3Q23: Growth in the US, France and China as Possibility of German Recession LoomsWeinswig’s Weekly: Elevated Gasoline Prices and the Pressures on Consumer WalletsUS CPG Sales Tracker: Online Food Sales Soar Amid Easing InflationUS Drugstores and Pharmacies: Real Estate Insights—Closures Lead to 8 Million Square Feet of Shuttered Retail Space in 2024