Crowds force Costco to limit numbers at first store in China

Above People jostling to get roast chicken at the first Costco outlet in China which opened on Tuesday. Right Large crowds had flocked to the store in Shanghai forcing the US retailer to close early on the opening day

Those who did courageous the crowds earlier today had to wait up to three hours for a spot in the parking lot, which caused all sorts of traffic jams.

"The Chinese market is very complicated and requires retailers to innovate and localise", he told AFP.

CNN reports the crowds overwhelmed workers and police at the newly opened Shanghai Costco.

While membership-based hypermarkets have been successful, other overseas retailers have mostly received a cold shoulder from Chinese consumers.

Suning.com acquired 80% equity interest in Carrefour's China business in June.

Costco is also entering a market where many of its global rivals have struggled and given up.

"Local retailers are reaching out to customers via all distribution channels while foreign retailers are not so flexible to adapt to new situations", he said. Ltd. after more than two decades in the country.

People queuing to check out at the first Costco outlet in China on the store's opening day in a Shanghai suburb on Tuesday. China has proved a tough battleground for overseas food retailers with French supermarket Carrefour and British grocery gia

Costco started its cross-border e-commerce business in the Chinese mainland market five years ago. Costco said before the August 27 opening that it already had tens of thousands of registered members.

Costco may be too popular for its own good.

Once they were allowed in, they were ready to shop. The system of a single giant hypermarket is not guaranteed to succeed in China.

The frenzy at Costco's store comes at a time when the US and China are locked in a tit-for-tat tariff war that shows no signs of abating and is making American firms wary of investing in the largest Asian economy. The store where you can get everything from rotisserie chickens to cheap gas to office furniture to olive oil to leggings to mortgages just opened a new branch in Shanghai.

I suspect that some of our homegrown Democratic Socialists find it a bit dispiriting to see the Chinese flashing those Chairman Mao bills with Black Friday zeal at an American store. Walmart said it planned to increase the number of Sam's Club's stores to 40 by the end of 2020.

"For your safety, we hope citizens who want to go to Costco can maintain a rational attitude about consumption and avoid going out during rush hours". -China trade war could complicate the company's supply.

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