Costco Is Opening Its First Location In This East Coast State

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Costco expands steadily in America and beyond. The largest wholesale club expects to open 27 warehouses worldwide in fiscal year 2023,

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including 14 in the U.S. At least three of the new facilities are in Texas, where Sam's Club, the retailer's main competitor, is concentrated.

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Costco outsells Sam's in 2022 ($222.7 billion vs. $73.6 billion, according to CNBC), but Sam gets more stores. Costco has 585 warehouses and

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Sam's Club "almost 600," according to its website. Walmart-owned Sam's doesn't disclose its store count, but SmartScrapers estimates

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598. Costco's aggressive opening strategy this year could put the two clubs dead-even in the footprint competition before Sam's opens its newest location in 2024.

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Costco has slightly better state coverage than its biggest competition. Costco has 46 states, five Puerto Rico shops, and one in Washington, D.C.,

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Rhode Island officials announced last month that Costco will develop its first Ocean State warehouse in Cranston, a booming Providence

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suburb. Mayor Ken Hopkins informed WPRI-TV that the retailer had a contract, but he would not name the address. Hopkins said developer Carpionato

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Hopkins said Sockanossett Cross Road infrastructure must be improved before the project can proceed. He noted that the next Costco might not open until mid-2024.

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