Last Thursday, June 22, Costco opened its first warehouse in Paris, according to a Tuesday, June 27, note published by BMO Capital Markets analysts, who attended the big reveal.
"[We] believe Costco has a big opportunity to expand in Europe as well as new markets in Asia," BMO said in the note.
Costco also recently opened two clubs in Spain and one in Iceland, according to the firm. The warehouse giant only has 32 stores in Europe, mostly in the U.K., compared to 510 in the United States.
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This article was written by a staff member of TheStreet.