Costco is embarking on a significant global expansion initiative, planning to open 30 new warehouses each year over the next ten years. This move is designed to address overcrowded stores and meet the growing demand for its products. The retail giant is particularly focused on a 50-50 split between domestic and international growth, with new locations in areas like Port St. Lucie, Florida, where a 170,000-square-foot warehouse and gas station will be established. Costco's CFO, Gary Millerchip, emphasized the company's long-term vision, stating that they foresee a strong roadmap for growth. CEO Ron Vachris noted the challenges of finding suitable land in urban areas, indicating a strategy that includes refurbishing older warehouses and relocating existing ones to enhance customer experience. With many locations generating annual sales exceeding $300 million to $400 million, Costco is strategically placing new stores near existing high-traffic locations to improve sales and member satisfaction.