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Technology Costco is building its 1st store on a First Nation

08:05  24 october  2019
08:05  24 october  2019 Source:   cbc.ca

Costco's first China store was so popular it shut down traffic. But can it keep the buzz going?

Costco's first China store was so popular it shut down traffic. But can it keep the buzz going? Costco has built a cult following in the United States — now it's China's turn. The country's first Costco store is so popular that it had to shut down early on its first day because of too many shoppers. The retailer opened its first physical outlet in Shanghai on Tuesday morning, and it quickly got too crowded to stay open. "The store has been clogged up with crowds," Costco said in a text message alert to its members in China. "To provide you with better shopping experience, Costco will suspend business in the afternoon. Please don't come.

It will be the first Costco built on First Nation land in Canada. The store will be the anchor tenant for a 500-hectare, multibillion-dollar development along the edge of the ring road called Taza that will include retail centres, entertainment and hospitality complexes, a research campus, and office

Costco (COST) cut the ribbon at its new store in Shanghai and proceeded to watch shoppers overrun the expansive aisles, as seen in numerous Costco Chief Financial Officer Richard Galanti confirmed on a May conference call with analysts it plans to open its second warehouse in China within the next

a view of a city: A rendering shows the Costco which will be located on Tsuut'ina Trail and 130th Avenue S.W.© Provided by Canadian Broadcasting Corporation A rendering shows the Costco which will be located on Tsuut'ina Trail and 130th Avenue S.W. Tsuut'ina First Nation, west of Calgary, is getting a Costco.

The store will be the anchor tenant for a 500-hectare, multibillion-dollar development along the edge of the ring road called Taza that will include retail centres, entertainment and hospitality complexes, a research campus, and office developments with a health and wellness component.

It will be the first Costco built on a First Nation in Canada.

The 150,000-sq.-ft. store is already under construction at the corner of the southwest Calgary ring road and 130th Avenue, and is set to open in summer 2020.

The store will be part of a development called Shops at Buffalo Run, with other stores and restaurants nearby scheduled to open in summer 2021.

"This signifies another major step forward for Taza and is reflective of the economic and social vision the Tsuut'ina Nation and its leadership have had for decades," Chief Lee Crowchild said in an emailed release on Wednesday.

"We have been building up our own infrastructure and social programs … Taza is an extension of all these investments."

There are five other Costco stores in the Calgary area.

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