More News About Costco in Australia

October 27th, 2009 · 4 Comments

I found an article giving just a little more insight into the Costco operations in Australia.  This article covers the financial situation a bit and discusses how Costco has added another $25 million to the Australian operations, on top of $83 million provided in 2008.

According to Patrick Noone, the local managing director for the Melbourne location, the store is doing quite well with people not only buying staple items like toilet paper and milk, but also dropping serious amounts of money for diamonds (in the $5,000 – $10,000 range).  Of course, the most shocking purchase, I thought, was $20,000 for a limited edition scotch.  That’s crazy!  Unfortunately, they don’t provide any numbers regarding the average daily sales so far or anything that specific for the Melbourne store.

The article also points out that Costco has spent $70 million opening the location in Melbourne and establishing a presence in Australia.  Costco also has plans to spend another $55 million on the store opening in Sydney, which is slated to be on Parramatta Road on the west of Sydney.

For more details or to read the entire article:

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4 Responses so far ↓

  1. 1 Kimberly // 2009.10.28 at 8:50 am

    Carla, if you have a Costco cash card you can use it at any Costco locations or at Costco.com, even if you do not have a membership. However, only members can buy a cash card. It is a really good idea though if you only shop there a few times a year though.
    You can get more information about the cash cards on Costco.com.

    Glad that my Costco blog is an enjoyable read and you have my utmost sympathy for not living around a Costco location yourself. Glad I can help you can live vicariously though! If I lived around Indianapolis I would totally meet you for a Costco trip, but I’m a little far away here in Austin.

  2. 2 Carla // 2009.10.27 at 7:37 pm

    I am so so jealous of all of you that have a Costco. I live in S.Indiana and will be going to Indianapolis next week Nov 4-6, to see my son at Purdue and I so wish I could meet up with someone that would take me as their guest. If I only lived closer to one I’d ask my kids to buy me a membership for Xmas, but I would only get there about 4 times a year. Can you remind me how it works if I had a gift card. Would I be able to get in to spend it even if I don’t have a membership? If I could only get in one I could buy myself several gift cards and that could be my ticket in when I visit. Let me know if you have any suggestions for me.
    Thanks so much, I am addicted to READING your Addicted to Costco Blog. ~Carla

  3. 3 More News About Costco in Australia | Addicted To Costco! | Australia Today // 2009.10.27 at 4:59 pm

    […] Here is the original post: More News About Costco in Australia | Addicted To Costco! […]

  4. 4 More News About Costco in Australia | Addicted To Costco! | australianews // 2009.10.27 at 1:21 pm

    […] article covers the financial situation a bit and discusses how … Originally posted here: More News About Costco in Australia | Addicted To Costco! Share and […]

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