MELBOURNE, Australia — Costco Wholesale Corp. today opened its first retail outlet in Australia, a 130,000-square-foot membership club in the Docklands area of this coastal city. The store is reportedly similar to its counterparts in the U.S. and other countries, with a grocery and prepared-food offering in addition to electronics, clothing and other general merchandise. Membership costs $60 Australian (about $50 U.S.) per year for individuals and $55 Australian for businesses. The store ...

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