🛍️ Costco's Siero expansion
Costco plans to invest $32M in a 15,000 m² store in Siero, Asturias. This would create 200 direct jobs, transforming the Bobes industrial area. Yet, it faces resistance. A 2,500 m² size cap previously blocked such projects. But on December 20, a new law for "Strategic Interest Projects" removed these limits, streamlining approvals for economic initiatives. According to Nieves Roqueñí, this law will "boost regional economic transformation."
⚖️ Fierce local opposition
The project sparked sharp divides. Union leader José Manuel Zapico of CCOO opposes it, saying, "Costco kills small businesses and erodes social cohesion." He cited 2,650 small shop closures in Asturias in the past decade. This highlights the region's struggle between preserving small commerce and attracting global giants like Costco. Many fear the retailer's entry could worsen inequalities.
🏗️ Political and economic support
Local politicians, like Siero’s Mayor Ángel García, defend Costco’s entry. García argues, "Why can't Asturias have a Costco while other regions do?" The PSOE-backed law now provides tools to fast-track such investments. The Parliament's vote marked a turning point, with bipartisan support emphasizing job creation and regional cohesion. However, critics question whether these benefits outweigh risks to small businesses.
🌍 Costco's global ambitions
Costco operates 900 stores globally, with five in Spain. In addition to Siero, the retailer plans stores in Valencia and Málaga. Headquartered in Issaquah, Washington, Costco is betting on Spain for expansion. Its proven model of bulk sales and membership clubs attracts middle-class families. While Asturias debates, Costco’s Spanish footprint continues to grow, making the region a key battleground for retail's future.
Should Asturias prioritize big retailers like Costco?
