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Will Costco succeed in China? [Copy link] 中文

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Post time 2019-8-31 11:07:06 |Display all floors
(ECNS) - American warehouse retailer Costco announced it would put a cap on the number of shoppers in its Shanghai store at 2,000 after mad rush of customers forced the first store in China to close early on opening day.

In a statement Costco apologized for any inconvenience caused to customers for the early closure on Tuesday, saying a limit on the number of shoppers is to ensure a comfortable and safe experience.

Local police will also assist the store to manage traffic nearby to minimize the impact on neighbouring communities while internal efforts are underway to improve customer flow inside the store, according to the statement.

Videos showing crowds clogging the store went viral on Chinese social media.

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Post time 2019-8-31 11:56:33 |Display all floors
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Post time 2019-8-31 12:12:48 |Display all floors
One swallow does not make a Summer!  So the huge turnout on first day is no indication that Costco will succeed long term.  Several foreign stores which came before Costco had learned  a biiter lesson; Tesco of UK, pulled out after a few years;  Carrefour sold its business to a local group;  Metro, the German store left too!  What makes Costco so confident that it will survive?  Chinese consumers always flock to new stores, but when the novelty wears out, they move out.

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Post time 2019-8-31 12:18:12 |Display all floors
Shamelesslover Post time: 2019-8-31 11:56
Nobody knows until the real results comes out.

What a stupid remark!  The Op is asking for public opinions, not a factual answer now, so who is waiting till results?  I have posted my opinion, take it for whatever it is worth!  Yours does not even attempt to give an opinion, it's just a simplistic remark!

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Post time 2019-8-31 12:47:57 |Display all floors
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Post time 2019-8-31 12:51:13 |Display all floors
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Post time 2019-8-31 12:56:55 |Display all floors
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