Shoppers queue in the parking lot to enter the Costco Wholesale Corp. store in Shenzhen, China, on Sunday, Jan. 14, 2024.
Qilal Shen | Bloomberg | Getty Images
The world’s second-largest economy has “very good potential” for Costco expansion, CFO Rich Galanti told CNBC. Perhaps, that’s even an understatement, if the mob scene outside the recent opening of the first Costco in Shenzhen is any indication. Six warehouse stores in all of mainland China do not seem to be anywhere close to being enough.