Costco has announced plans to open on the East side of the Big Island of Hawaii in 2018. Their current plans are to renovate and expand at the former Safeway located at Prince Kuhio Plaza.Representative Ian Kirkland stated, East Hawaii residents have been longing for a Costco and are “tired of making the drive over from the Hilo side of the island for a simple hot dog or pizza combo special.”
Costco plans to open 32 warehouses in fiscal 2018 — a record expansion pace for the retailer. By comparison, it added 23 locations last year and its highest new warehouse count over the last decade was the 31 stores it opened in 2007.
New warehouse launches provide a quick boost to membership levels and revenue growth. But the real impact isn’t felt until the stores mature into their tenth year and beyond. Costco’s newest locations that were opened in the last three years, for example, have averaged $104 million of sales during their freshman years. But that number steadily climbs toward $178 million per year for the Costco warehouses that have been around for over a decade.
Plans for a Maui and Kauai Costco are being discussed but nothing has been confirmed as of this post. The grand opening date is scheduled for April 1st, 2018 according to developer Lirpa Sloof.