Costco to Enter Lucrative Australian Petrol Market

US retail giant Costco – reportedly the world’s eighth largest retailer – is looking to enter the lucrative Australian petrol market.

Following in the footsteps of local rivals Woolworths, and the Wesfarmers backed Coles, Costco has applied to build service stations at as-yet-undeveloped stores in Sydney and Brisbane.

The retailer reportedly sold 8.7 billion litres of fuel at its 500+ US stores in 2010.

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More Tenants Lease Space at Canberra Centre

MORE tenants have been announced as leasing space within the Majura Park project in Canberra.

Due to open on March 29, the developer, Canberra Airport, has announced Rockmans, Crossroads, Trendbags, Ally Fashion, EB Games, Subway, Michel’s Patisserie, Oporto and Payless shoes have leased space within the $150 million complex.

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Costco Chooses Canberra For Third Australian Store

COSTCO will open its third Australian outlet in Canberra, and retail giant Woolworths is right behind it.

Costco has chosen the Majura Park shopping centre adjoining the Canberra Airport to open its second NSW store. Majura Park is the new name for the collapsed Airport Brand Depot discount outlet.

Only two stores within the previous shopping centre remain: Toys ‘R’Us and Babies ‘R’Us.

Woolworths has also leased space within the revamped centre, and will open an 8000 square metre Big W, a 400 square metre Dick Smith and a 4800 square metre supermarket.

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