PALO ALTO, U.S. -- Costco, one of the biggest U.S. wholesale chains, said it has seen record signups at its new store in China, with more than 240,000 new customers becoming members at its Shanghai location since it opened in August.
"It [the Shanghai store] is beyond good. ... We've had locations in other countries in Asia where we might be at 120,000 [signups] after a year or two. This one is more than twice that," said Costco CFO Richard Galanti during the earnings call on Thursday.
