Costco Invests $940 Million in Taiwan

Costco announces plans to open 20 new stores in Taiwan.
By Jeanine Poggi ,

NEW YORK (

TheStreet

) --

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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