Aug 28, 2019

Costco forced to shut first China store early due to crowds

US retailer Costco was forced to close early on its opening day in China, after the store was swamped with shoppers. Buyers battled long queues and traffic chaos, before the Shanghai store was shut hours early due to "Overcrowding". "Due to overcrowding in the market, and in order to provide you with a better shopping experience, Costco will temporarily close on the afternoon of August 27. Please avoid coming," the retailer in a notice on its official app, according to AFP. Costco has had an online presence in China since 2014, through a partnership with e-commerce giant Alibaba. The firm's first store in the country comes as other international retailers battle tough competition in China. Earlier this year, Amazon said it was downsizing its operations in China and France's Carrefour agreed to sell 80% of its China business to local retailer after a series of losses.

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