COSTCO’s only Australian store made $8.9 million in sales and membership fees in its first two weeks of operation, as customers flocked to the warehouse discount outlet.

But Costco Wholesale Australia made an overall loss of $14 million in the year to August 31, 2009, due to the costs of establishing its second store and headquarters in New South Wales, its special purpose annual report revealed.

PhotoAlt

April 15, 2010: Green light for second Australian Costco

April 6, 2010: Shopping centre owners fight planned $60m Auburn Costco