Costco Wholesale will open a 150,000-square-foot store in Daytona Beach in 2024, bringing the club’s members-only wholesaler within 30 miles or less of most Palm Coast and Flagler County residents — just as a wholesaler from BJ is planning a store in State 100 street in Palm Coast.
Costco will break ground on a 17-acre site at One Daytona on International Speedway Boulevard, across from International Speedway, the News-Journal reports. The newspaper credits Roxanne Ribakoff, president of entertainment/retail complex One Daytona, for the announcement. The information could not be immediately independently confirmed by Costco.
Costco has stores in the greater Orlando area, Jacksonville and, since December, Melbourne.
Walmart’s Sam’s Club, Costco’s primary competitor and the nation’s number one retailer, has a retail location on LPGA Boulevard in Daytona Beach, one exit north of International Speedway Boulevard.
Costco, a 46-year-old company, reported net sales of $17.33 billion for the four weeks ended May 1, up 13.9 percent year-on-year, and sales of $100 billion for the 24th quarter Weeks ended February 24, $86 billion a year earlier. The chain operates 573 department stores in the United States and Puerto Rico, 105 in Canada and dozens more in other countries. It was trading at $415 a share today, down from an all-time high of $608 in early April.
According to the News-Journal, the Daytona store will have up to 250 jobs. According to Indeed.com, the company averages nearly $17 an hour for its frontline workers like cashiers and customer service representatives, and between $28,000 and just over $40,000 a year for its loading and warehouse staff.
Groundbreaking for BJ’s Wholesale Club is expected to take place later this year on a 31-acre site just west of Seminole Woods Boulevard and the RaceTrac off State Road 100. The country should soon be cleared of forests and scrub.