Costco Wholesale Corporation (NASDAQ:COST) is all set to open its second area store in the area of Perrysburg, after two years of hectic negotiating and planning before it has finally brought it to construction.
The 154,300-square-foot store, which is located at the southeast corner of Dixie Highway and Eckel Junction Road, will open its door tomorrow. Currently, the store is replenished with hard and frozen food goods, along with a handful of perishables, and however, it is yet to be provided with freshly baked goods and with items that are produced on a more time sensitive basis. The store will also be lit with LED lighting and have more skylights than the ones at West Toledo, but will not have self-service checkout lanes that have impeded checkout instead of streamlining it.
The first store, which was opened in 2007, was deemed insufficient soon after the opening, while Costco decided that the opening of a second store was on the cards in 2013, which then kick started the negotiation drive.
Alex Leask, who is the assistant frontend manager, said that the intuition to open a second store was based on the community’s overwhelming response in terms of the sponsorships that have been sought by residents of Bowling Green and Findlay, as well as the number of applicants being more than the job openings.
Costco has been conducting a membership drive, which charges $55 annually, for the past several months, and has been donating items to local events to underscore its importance of playing an active part in the community.
Walt Churchill, who is the owner of Walt Churchill’s Market on Dixie Highway in Perrysburg, is bullish about the company’s presence by pointing out that it will bring a lot of traffic due to the excitement factor, which is gearing up the opening of the store. For others it is a matter of convenience. Wendy Brazeau travelled all the way from Holland to Maumee, and said that the location of the store is much convenient for her.
It is not bad for some businesses too. Scott Baughman, manager of public relations for Goodyear Auto Service, does not find Costco to be a competitor. He said that it stays focused on providing the best products at the best rate, on top of their brand and identity. To top it all, Sandy Latchem, executive director of the Perrysburg Area Chamber of Commerce, says that it gives consumers another option of shopping experience.
Costco stock price ended the day at $138.04, a decline of 0.01% from the previous day.
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