Costco Chief blames Coles and Woolworths for slow Australian expansion

By David Olsen · 11 October 2010 · Locked

Costco Blames Aussie Giants for Delayed Expansion tackling

Costco's Australian expansion has hit a snag, and the retailer is pointing fingers at local supermarket giants. Will this rivalry impact your shopping habits?

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Summary

Costco has blamed supermarket heavyweights Coles and Woolworths for slowing the retailer’s expansion in Australia, with chief financial officer and executive vice-president Richard Galanti claiming competition for bulk-goods retail sites in Australia was fierce.

Tags: Auburn, Bunnings, Coles, Costco, Department store, Melbourne, Retail, Sydney