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Costco Becoming Anchor Tenant In Some Mall Spaces

Wall Street Journal, Wednesday, August 25, 2010 10:57 AM

Karen Talley reports that Costco is moving into mall spaces where department stores once resided, taking over the role as the anchor retailer. The mall stores will generally be the same size as its regular stores and carry the same product array, according to co-founder and chairman Jeff Brotman.

"Our preference is to never be in a mall or by a mall," Brotman tells Talley. "But in metro areas there just is not that much land, and we still want to expand. We will continue to penetrate areas" using the mall approach.

Costco's older stores generally run about 143,000 square feet and carry about 4,000 items, ranging from polo shirts to pigs' feet. Newer clubs tend to be larger, however, with its largest measuring in at 205,000 square feet.

Read the whole story at Wall Street Journal »

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