Costco Posts Q4 Sales, Profit Gains

Costco Wholesale Corp. plans to accelerate store expansion, with 29 net new locations scheduled to open in fiscal 2011, compared with 13 new facilities that opened in the fiscal year that ended Aug. 29.

ISSAQUAH, Wash. — Costco Wholesale Corp. here said Wednesday it plans to accelerate store expansion, with 29 net new locations scheduled to open in fiscal 2011, compared with 13 new facilities that opened in the fiscal year that ended Aug. 29.

Of the 29 stores, 16 will be in the U.S. and 13 overseas. The company said it has already opened one new location — in San Diego — with seven

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