Costco Opens First Store In France
American retailer Costco has opened its first French store this week in Villebon-sur-Yvette, northern France, reports Le Monde.
The new warehouse store features around 3,800 wholesale products, 500 of which are devoted to luxury brands. Customers pay an annual fee to become a member, and consequently prices are between 20% to 40% lower than in standard supermarkets.
"It's a form of revolution, because Costco comes with methods that are no longer practiced in France - few products, almost no service and no theatre, but much lower prices," retail specialist Olivier Dauvers told LCI.
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