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US Giant Costco Takes on Coles, Woolies With First Australian Store at Docklands - Australia

Business  (tags: australia, competition, melbourne, cosco, woolworths, coles, shops )

- 3660 days ago -
SUPERMARKET giants Coles and Woolworths will have have a new kid on the block to go up against later this year with cut-price international grocery warehouse Costco set to open in Melbourne. Costco will open its first Australian outlet at Melbourne's


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Friday March 13, 2009, 5:20 am
Noted. I saw that on the news tonight. That means more jobs & good, cheap food. Give the other something to think of.

Jeffrey N (10)
Friday March 13, 2009, 3:08 pm
Woolworths is a big player and this will be very interesting battle.

Michael Angel (58)
Sunday March 15, 2009, 5:25 am
Will they retail DEATH= Cigarettes as does Coles and Woolworths?

It is the fifth largest general retailer in the United States
Costco focuses on selling products at low prices, often at very high volume. These goods are usually bulk-packaged and marketed primarily to large families and businesses. Furthermore, Costco does not carry multiple brands or varieties where the item is essentially the same except when it has a house brand to sell, typically under the Kirkland Signature label.
Currently membership fees at Costco are $50 per year for Goldstar and Business Memberships, which can be upgraded to Executive membership for an additional $50 per year. Along with the additional benefits the executive membership has (e.g. car purchasing savings, home loans, car insurance, check printing services) executive members also receive an annual "2% Rewards Check" of up to $500.00 from Costco on all purchases made (excluding select items such as gasoline, alcohol, and tobacco).

In the UK, membership is 20.00 for Trade membership (plus VAT) which includes a card for a spouse. People who work for the National Health Service or any other government employee are entitled to an individual membership, which costs 25.

Costco is only open to members and their guests, except for purchases of liquor and gasoline in some U.S. states due to state law; and prescription drugs due to federal law.

Michael Angel (58)
Sunday March 15, 2009, 5:26 am
the majority of Costco locations are not unionized. The non-union locations have revisions to their Costco Employee Agreement every three years concurrent with union contract ratifications in locations with collective bargaining agreements. Similar to a union contract, the Employee Agreement sets forth such things as benefits, compensations, wages, disciplinary procedures, paid holidays, bonuses, and seniority. As of March 2008, non-supervisory hourly wages range from $11.00 to $20.00 in the United States, $11.00 to $21.85 in Canada and 6.28 to 10.00 in the United Kingdom. In the US, eighty-five percent of Costco's workers have health insurance, compared with less than half at Wal-Mart and Target. [22]
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