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Costco sets goal of 150 new stores in five years
NEW YORK — Costco Wholesale Corp. is looking to open approximately 150 locations over the next five years, CFO Richard Galanti said on the company’s quarterly conference call with investors.
“And if we get a little better than that, great,” he added. “But that’s certainly a good starting point given where we’ve come over the last few years.”
Of the total, about 55 of the new units would be in the United States, with the rest located in Canada or foreign markets.
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Alco HR exec promoted to SVP, HR, store operations
ABILENE, Kan. — Broad-line retailer Alco Stores has promoted Ricardo Clemente to SVP of human resources, store operations and loss prevention.
Clemente, who graduated from New Mexico State University with a bachelor of science degree in biology and business management, has more than 20 years of retail experience. He joined Alco Stores in 2011 as a district manager. Since then he has held increasingly responsible positions, serving most recently as VP of stores and human resources.
