Spain retail: Red tape delays opening of second Costco store in Madrid

US retail giant Costco has put off the opening of its second store in Madrid, blaming red tape for the delay.
Everything is going very slowly,” a spokesperson for the company has said of progress for the opening of the new site – a project the company says will create 260 new jobs.
The company, the world’s second-largest retail chain after Walmart, currently has a store outside the Madrid city of Getafe and another in Seville, and has already chosen a location for a second outlet in the Spanish capital.
Costco opened its Seville store in 2014 and then a second in Getafe, on the outskirts of Madrid city center, in 2015.
The company also expects revenues to be up 28% year-on-year in 2016 but the company is still losing money.

Fuente: http://elpais.com/elpais/2016/10/06/inenglish/1475750298_395464.html