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
