Wednesday, March 07, 2007

Costco keen to open stores in India as well

The world's fifth largest retailer, Costco Wholesale Corp. is interested in opening stores here and could be entering the market. The Washington based company currently has 504 warehouses from where it sells both national and regional brands at heavily discounted prices. Wal-Mart wholesale brand Sam's Club is its number one competitor. Industry sources report that Kishore Biyani's Pantaloon could be one of the possible companies that Costo could possibly tie up with.

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