Is Costco Closing Stores? (Must Know This)
Costco is popular for its discounted sales and excellent product value, and you can find a Costco in almost every part of the country.
However, the stores have also recently experienced challenges facing the grocery industry, especially with the advent of online shopping and smart shopping carts.
Despite these challenges, Costco is not closing stores in 2022 or the near future. The company has made no plans to close down its existing stores. Instead, the retail giant will be adding about 20 new warehouses to the already existing stores all around the world. Costco has more than 800 stores worldwide, which will only grow in 2022.
Is Costco Closing In Springdale?
Unfortunately for Costco shoppers in Springdale, the Costco warehouse in Springdale will be closing its doors in 2022.
The city’s economic director said the store would close in the fall of 2022. According to city officials, the retail giant will open a new location in Butler county.
According to the economic director, the company’s management had plans to turn the warehouse into a Costco business center.
However, the company also felt that it couldn’t make the change in a way that would maximize cost, so it decided to put it on hold. The location itself is too large to make the transition.
The Costco store in Springdale is roughly 150,000 square feet, and Costco business centers are usually 110,00 square feet.
So, Costco will not do not have any business in the city, and the company has already put the property up for sale.
The store will finally be closed sometime around Thanksgiving, and Costco’s real estate division has listed the property with the office of Lee and Associates.
However, the firm has not given a firm closing date for the Springdale store.
The city officials believe that the store will close around the same time the new store opens, which will be sometime before Thanksgiving in 2022.
The new store in Liberty township is already under construction. And you can find it at Cox Road and Liberty Way, East of Interstate 75.
How Many Costco Stores Are Closing In 2022?
Costco isn’t closing stores in 2022. Many retailers experienced difficulty, especially during the pandemic and with the increasing popularity of online shopping and home delivery services.
However, Costco stores and warehouses across the country are not in danger of closure. The only Costco store that will be closing in 2022 is the store in Springdale.
City officials announced that the Costco store in Springdale will be closed in 2022, and a new store will open in Liberty City, Butler county.
Other than the store in Springdale, no other Costco stores will close in 2022.
Costco has announced that it will open over 20 new stores in all parts of the country.
Instead of closing down stores in the country, Costco has new stores opening all over the country.
The new locations that the stores will be and the time of year they are expected to open are contained in the table below.
| Locations | Months/Years |
|---|---|
| Auckland, NZ | September 2022 |
| Ankeny, IA | November 2022 |
| Athens, GA | November 2022 |
| Casuarina, AU | November 2022 |
| Gimhae, KO | August 2022 |
| Gocheok, KO | October 2022 |
| Lake Stevens, WA | November 2022 |
| Liberty Township, OH | November 2022 |
| Logan, UT | November 2022 |
| Redding, CA | November 2022 |
| Queen Creek, AZ | January 2023 |
| Stockholm, SE | October 2022 |
| S London, ON | November 2022 |
| University City, MO | October 2022 |
| Verona, VI | August 2022 |
What Company Owns Costco?
Costco Wholesale Corporation owns Costco. The company Costco Wholesale Corporation came about as a result of a merger between Price Club and Costco.
The Costco Wholesale Corporation is the third largest retailer in the world.
It has been the most popular retailer of wines, prime beef, and rotisserie chicken since 2016.
Costco Wholesale Corporation, which owns Costco, is an international retail giant that operates an international chain of membership warehouses, most of which are called Costco Wholesale.
Costco is one of the most popular retailers in the world, attracting very high patronage because they offer high-quality brand-name products at considerably lower prices.
Their prices are much better than those you find at other retailers or wholesale outlets.
The brand has the largest and most versatile collection of merchandise that you can find in a single store or warehouse.
The store offers various products ranging from jewelry, groceries, electronic appliances, candy, hardware, furniture, office supplies, television and media, toys, sporting goods, and many others.
Costco Wholesale Corporation runs its business as Costco Wholesale and is better known as Costco.
The company is the fastest growing retailer in the United States and has 834 warehouses worldwide.
It is a multinational with its headquarters in Issaquah, Washington DC, an eastern suburb of Seattle.
These are all the Costco warehouses around the world.
- 575 warehouses in the United States and Puerto Rico
- 107 warehouses in Canada.
- 40 warehouses in Mexico
- 31 warehouses in Japan
- 29 in the United Kingdom
- 16 warehouses in Korea
- 14 warehouses in Taiwan
- 13 in Australia
- 4 warehouses in Spain
- 2 in France
- 2 warehouses in China
- 1 warehouse in Iceland
Costco has over 214,000 employees, and the CEO is W Craig Jelinek.
Its subsidiaries include Costco Wholesale Canada, Costco Travel, Costco Wholesale Korea, and Innovel Solutions Inc.
Is Costco Going To Clermont, FL?
Good news for shoppers in Clermont, a new Costco is coming to Clermont. The retail giant will open a new store in Clermont, FL, sometime in 2022.
The new location will be the fifth location in Orlando for the retail giant.
According to the management, the new store will be on State Route 50 (West Colonial Drive), northeast of Magnolia Point Boulevard.
The warehouse will be in a 19-acre portion of the 150-acre parcel of land on State Route 50.
Based on the construction information, the Clermont store will be about 151,000 square feet.
And everyone familiar with Costco stores knows that that is the typical size for a Costco store. There will also be some apartments on the same site as the warehouse.
Costco has not set a specific date for opening the new store in Clermont, but the store is already under construction.
And it will be opened before the end of 2022, sometime between September and November of 2022.
The project will provide construction jobs, and the store will hire several full-time and part-time retail positions.
There are already more than twenty-four warehouses in Florida.
Conclusion
Costco is not closing its stores in 2022. The only store that Costco has announced that it will close in 2022 is the store in Springdale.
Instead of closure, Costco is opening several stores all over the country in 2022. At least 20 new warehouses will open before the end of the year.
