Costco Home Stores to Close

April 3rd, 2009 · 1 Comment

Sadly, Costco is being affected by the current economic situation too.  They’ve decided to close their two Costco Home stores in Kirkland, Washington and Tempe, Arizona, on July 3rd. Here’s a quote from Jim Sinegal, in an article on the Wall Street Journal website:

“The current economic slowdown and resulting weakness in the home furnishings business in particular have led us to conclude that the single-format Costco Home concept does not fit into our long-term expansion plans,” said Costco Chief Executive Jim Sinegal in a statement. “Costco Home has been a valuable experiment for us.”

If you’re not familiar with these stores (you can read my previous post about them), they were separate locations where Costco sold only home furnishings and decorating items.  People seemed to really like them, well, those that could get to them.  But for the rest of us, it did help out in our regular Costco locations too.  The furniture buyers could try things out in the Costco Home locations, plus they were more aware of trends and could get better quality merchandise to sell at their other Costco locations.  I’m positive that Costco will continue to offer great furniture and decor values in their warehouses, as well as through though.


Tags: Decorating · Household Items · In the News Share

1 Response so far ↓

  1. 1 Enrique // 2009.04.03 at 1:05 pm

    I always thought these standalone locations wouldn’t work, they seemed to out of the way for most Costco shoppers… But maybe they were just experimenting with the format.

    I do however love the furniture they have in the stores. My location in Tracy, CA rotates from time to time… I have found that the quality is excellent and well the return policy is amazing.

    My Mother bought a leather sofa from an area furniture store not too long ago and when I inspected the sofa it turned out to be an expensive “pleather” sofa which she bought for 899.00, we tried to return it only problem is they charged a 25% restock fee and an attitude problem!

    Adding insult to injury two weeks later we saw a real leather sofa at our Tracy, Ca location for 799.00!

    We now plan to shop Costco exclusively for our furniture needs. It’s the only place I can buy furniture and know I am getting top value at a decent price. And BTW checkout there online furniture store from time to time they have awesome deals like this desk I just bought for 100 bucks|1892|3207|53381|51875&N=4016912&Mo=40&pos=3&No=10&Nr=P_CatalogName:BC&cat=51875amp;Ns=P_Price|0||P_SignDesc1&lang=en-US&Sp=C&ec=BC-EC15829-Cat53381&topnav=

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