Costco spends $192M to open a new warehouse. Most grocers spend $8-15M. Costco opens 20-25 new warehouses per year. In 2025, they opened 24. The math works because of one number: 92.3%. That's Costco's annual membership renewal rate — meaning almost everyone who tries Costco stays.
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Founding rate · $29/mo · never goes up · 5 seats remaining