Costco plans to open 30 new warehouses annually, expanding globally to ease overcrowding and boost sales.

Costco is pursuing an aggressive expansion strategy to open 30 new warehouses each year over the next decade, aiming for a balanced growth between the U.S. and international markets. This move addresses overcrowded stores and high demand, promising better shopping experiences like shorter lines and improved parking. The company is also refurbishing older locations and exploring new store models for urban areas with limited space. Notable expansions include a new 170,000-square-foot warehouse in Port St. Lucie, Florida, and plans for growth in countries like Spain, reflecting Costco's commitment to global growth and enhanced member value.