Costco Plans Future Warehouse Growth With 30 New Locations

If you love shopping at Costco when visiting relatives but don't have a store where you live, you may be in luck, because the retailer has major plans for future warehouse growth. The retailer recently had a recall of 208,000 pairs of heated socks after several customers reported getting first-degree burns after wearing them, but that hasn't stopped the company from making plans to expand.

Costco is expanding worldwide and will open multiple locations of the warehouse on an annual basis. The retailer will open stores every year in the United States as well as overseas.

Costco's s future warehouse growth plans include opening 30 new stores every single year for 10 years, per Fox Business. The retail giant reportedly has a goal of fixing overcrowded stores and will expand into new territories. Costco hopes that the expansion leads to shorter lines for consumers, as well as better parking options and more access to goods.

Costco CFO Gary Millerchip said that the company has a roadmap for opening 30 new warehouses annually.

"We tend to look five to 10 years out in terms of our real estate plans," he said. "And we would still see a really good roadmap for 30-plus warehouses a year, which is the goal that we have at least achieved 30 new warehouses a year. The goal that we set for ourselves."

Fans of Costco were excited to learn of the expansion .

"They’ve been breaking ground here," wrote one user. "They’re building a new Costco in town. I can’t wait to join. I’ve been to Sam’s Club before, but I don’t think it’s the same."

Costco's future locations will include stores worldwide, and the company plans a 50-50 expansion — with half of the new stores openeing over seas and half of the new stores opening in the U.S. Expansions are currently happening in Florida, Texas, Utah, and California.

Canada, Spain, Asia, Australia, Mexico, and several countries in Europe, such as Spain, will also house new stores.

"We’re expecting around half, maybe slightly over half, to be in the U.S.," said CFO Gary Millerchip. "And then just around half to slightly under a half to be in the rest of the markets that we operate in. So think of that being Canada, Mexico, Europe, Asia, Australia."

To make the expansion move more quickly, the retailer isn't building every store from scratch and will upgrade old buildings in certain markets.

"We tend to focus on being our own toughest competitor or finding ways of how can we lower prices and continue to deliver more value," said the CFO. "So generally speaking, there's nothing I would call out that we see an impact to our membership base when we're competing against different operators in each market."

Costco currently brings in sales of $300 million to $400 million annually, and the cost of the expansion is roughly $6.5 billion in 2026, per Yahoo! Finance. Costco will open 28 new locations in fiscal 2026, and the retailer will begin opening 30 new warehouses annually in 2027.