Costco pumps $140m into Aussie growth
September 24, 2010 § Leave a comment
But Costco Wholesale Australia made an overall loss of $14 million in the year to August 31, 2009, due to the costs of establishing its second store and headquarters in New South Wales, its special purpose annual report revealed.
That store opened on August 17, 2009, and the annual report, filed with the Australian Securities and Investment Commission on Tuesday, reflects sales during its first two weeks of operation.
Costco now has 345 employees in Australia and an annual salary bill of more than $9 million.