Costco Invests $940 Million in Taiwan
Costco announces plans to open 20 new stores in Taiwan.
NEW YORK (
) --
Costco
(COST) - Get Report
is following the lead of retailers who believe true growth is not to found in the U.S., but rather overseas.
The wholesaler plans to invest about $940 million in Taiwan expansion, according to reports. The investment will include the opening of 20 new locations in the country.
Other retailers and restaurants, like
McDonald's
(MCD) - Get Report
and
Starbucks
(SBUX) - Get Report
, are have recently renewed efforts at growth outside of the country.
-- Reported by Jeanine Poggi in New York.
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