tullysfishmarket
Costco opens 25 new warehouses worldwide each year and relocate existing locations to make them bigger. Fresno will host the chain's largest store.
The 22.5-acre site would have 32 gas pumps, an automatic vehicle wash, and 241,000 square feet of shipping and storage space. Costco's largest location would be closed to members.
Costco's home delivery service's 47,000-square-foot market delivery operation (MDO) would be located in the club's southwest. MDO facilities process, load, and transport large items to Costco members everyday.
That's a lot of room for a business the chain hasn't prioritized, suggesting a shift to a new model. Costco delivers large items from separate sites. Walmart and Target do it in many of their stores.
Costco may wish to reverse its e-commerce decline. The chain's third-quarter earnings call CFO noted that digital sales dropped.
He stated, "You saw in the release that e-commerce was a minus 10% sales decline on a comp basis...more to the same story in terms of sales, as I discussed on our second quarter call and in our monthly sales recordings."
In Q3, majors, home furnishings, small electrics, jewelry, and hardware represented up 55% of e-com sales and were down 20%. "These departments were down 17% in warehouse sales, but they only make up 8%," he said.
"And we've really, over the last six to nine months, started a two-year road map to enhance and replatform our primary online store, and the same goes for our mobile apps and mobile site," he said.
"Working again with data analytics, architects, and business users, we're building and dramatically increasing our engineering capabilities."
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