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Dow Jones reports that Costco is “on track to open its first store in Australia in 2009, but concedes securing sites for its big-format warehouses isn't easy.” The company has yet to secure a site to open its first store – in part because it is hard to find sufficient property on which to build one of its stores, and in part because it is difficult to explain the membership club format to Australians, to whom it is a foreign concept.
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