Costco makes its debut in Australia

MELBOURNE: US wholesaler Costco is reportedly to open its first Australian store in Melbourne after years of speculation. The no-frills wholesale chain sells discounted products from airport hangar-like buildings. Shoppers pay an annual fee to shop there and in exchange can buy goods as varied as TVs, exercise equipment, groceries, jewellery, coffins and clothing. Optometry, pharmacy, travel and photo kiosks are located in the stores and discounted petrol stations are often on the premises.