Plans call for opening 35 "consolidated" stores and two inMexico, as well as two relocations. An original estimate of opening20 new stores between Sept. 3 and the end of calendar year 2006 hasbeen slightly adjusted.
"That will be about 18, or maybe 16 or 17 stores, due toconstruction or zoning issues," said Richard Galanti, executive vpand CFO. Plans call for even more openings in 2008, perhaps up to40 or 42 new units.
In fiscal 2006, Costco opened a net of 27 new stores, 20 in theUnited States, three in Canada, two each in the United Kingdom andMexico. The company operates 488 warehouses, including 359 in theUnited States and Puerto Rico, 68 in Canada, 18 in the UnitedKingdom, five in Korea, four in Taiwan, five in Japan and 29 inMexico.
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