PRICE/COSTCO OPENS NEW YORK CITY UNIT

KIRKLAND, Wash. -- Price/Costco here has unveiled its first New York City store and has set plans for other metro-area units here.Analysts called this move to the inner city a bold one for a club operator. Warehouse clubs traditionally have gravitated toward rural or suburban areas. Even in the suburbs, clubs are usually situated in industrial sections of town rather than commercial sections.The company

KIRKLAND, Wash. -- Price/Costco here has unveiled its first New York City store and has set plans for other metro-area units here.

Analysts called this move to the inner city a bold one for a club operator. Warehouse clubs traditionally have gravitated toward rural or suburban areas. Even in the suburbs, clubs are usually situated in industrial sections of town rather than commercial sections.

The company opened a club this month in the New York City borough of Staten Island.

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