Amarillo seeks Costco location; Trader Joe's deterred by demographics
What happened
Amarillo is expressing interest in having a Costco store. However, reports indicate that Amarillo does not meet the demographic qualifications favored by Trader Joe's for opening a new location. These factors include the need for dense metropolitan areas with a high percentage of college-educated residents and specific median income levels.
From kissfm969.com
Why it matters
The retail market in Amarillo is influenced by the entry and exit of major chains. The lack of specific demographics and supply chain access in Amarillo may limit the ability of certain retailers, like Trader Joe's, to establish a presence in the city.
From kissfm969.com
Who's involved
- AmarilloThe city actively expressing interest in a Costco location.
- CostcoThe multinational chain of membership-only stores Amarillo is seeking.
- Trader Joe'sThe grocery chain whose demographic requirements Amarillo reportedly does not meet.
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The entities involved
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Amarillo
city in Potter and Randall counties in Texas, United States, that is also the seat of Potter County
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Costco
American multinational chain of membership-only stores
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Trader Joe's
American chain of grocery stores
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