People line up to apply for membership cards at a Costco Wholesale store in Shanghai, China on August 31. Photo: EPA-EFE
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

Costco needs staying power in store wars

  • US retail giant is diving into thorny market of food and consumer goods in China where many have gone before but failed miserably

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People line up to apply for membership cards at a Costco Wholesale store in Shanghai, China on August 31. Photo: EPA-EFE
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Shoppers queue up to withdraw their membership at Costco’s first mainland China store in Shanghai on Tuesday. Photo: Daniel Ren

With Birkin bags, Moutai sold out and memberships withdrawn, was Costco’s stunning Shanghai debut a one-day wonder after all?

  • Costco sees dozens of membership withdrawals only days after thousands of consumers overwhelmed the retailer’s operations during its Shanghai debut
  • Dozens of shoppers who had each paid 299 yuan to obtain a membership card had cancelled, and were seeking refunds
Topic |   Retailing

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Shoppers queue up to withdraw their membership at Costco’s first mainland China store in Shanghai on Tuesday. Photo: Daniel Ren
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