China's First Costco Closes Early After Shoppers Flood Grand Opening

Costco's opening in Shanghai attracted large crowds, leading to early closure due to overcrowding. Its popularity in China is partly due to its partnership with Alibaba, which helped launch its online store in 2014. Unlike Costco, other Western retailers like Amazon, Tesco, and Carrefour struggled in China and eventually exited. Analysts suggest that Costco must demonstrate a viable business model to sustain its success. A customer expressed interest in becoming a regular if prices are reasonable.

What was one of the reasons for Costco's popularity in China?

• Its location in Shanghai

• Its partnership with Alibaba

• Its low prices

• Its unique product offerings

Which Western retailer had to withdraw from China due to market challenges?

• Costco

• Amazon

• Walmart

• Target

What happened to Carrefour's business in China?

• It merged with another company

• It expanded successfully

• It was sold

• It became the market leader

What do analysts believe Costco needs to demonstrate in China?

• Its ability to offer discounts

• Its sustainable business model

• Its marketing strategies

• Its customer service excellence

What factor would make a customer become a regular at Costco?

• The store's location

• The variety of products

• Reasonable prices

• The store's ambiance