Plans call for opening 35 "consolidated" stores and two in Mexico, as well as two relocations. An original estimate of opening 20 new stores between Sept. 3 and the end of calendar year 2006 has been slightly adjusted.
"That will be about 18, or maybe 16 or 17 stores, due to construction or zoning issues," said Richard Galanti, executive vp and CFO. Plans call for even more openings in 2008, perhaps up to 40 or 42 new units.
In fiscal 2006, Costco opened a net of 27 new stores, 20 in the United States, three in Canada, two each in the United Kingdom and Mexico. The company operates 488 warehouses, including 359 in the United States and Puerto Rico, 68 in Canada, 18 in the United Kingdom, five in Korea, four in Taiwan, five in Japan and 29 in Mexico.
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