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Costco Expansion: New Warehouse in Port St. Lucie
Description
Port St. Lucie secures a major win with Costcos new warehouse, set to open next to a distribution depot. Costco plans to open at least 30 new warehouses annually for the next 5-10 years, with half in the U.S. and the rest globally. This expansion aims to alleviate crowding at existing stores and boost sales. Costcos strategic approach to real estate and growth is expected to continue, with a focus on repurposing old buildings and expanding their real estate team.
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