Retail giant Costco to open new superstore in Australia
<p>Costco is set to open its 10<sup>th</sup> superstore in Australia and the announcement of its location is imminent.</p>
<p>The official announcement is expected to be made within the month but according to <em>A Current Affair</em>, Ipswich in Queensland is expected to be the new location of the Costco supermarket.</p>
<p>Queensland currently only has one Costco and it is believed councils across the state were bidding for a second.</p>
<p>Ipswich outgoing mayor Paul Pisasale did not confirm the news but said the Queensland city would receive some good news soon.</p>
<p>“I just had a phone call before in regards to a major announcement and I'm sure the acting mayor would take a lot of delight in telling everybody,” Mr Pisasale said.</p>
<p>It is expected that Costco bosses will visit Ipswich next week and an official announcement is expected to follow within the month.</p>
<p>Costco currently has one store in South Australia, one in Queensland, three in New South Wales, one in the Australian Capital Territory and three in Victoria.</p>
<p>The retail giant has grown in popularity since it first opened an Australian store in Docklands in 2009.</p>
<p>QUT international business expert Gary Mortimer told Daily Mail Australia as Costco opened more stores, there would be room for more savings due to buying in bulk.</p>
<p class="mol-para-with-font">“This is about economies of scale. When you bring in product and try to supply a small group of stores it's quite costly, but when you can multiply these store you can bring in more containers,” he said.</p>
<p>“It's basically buying in bulk, buying for more stores and product, the price comes down.”</p>
