Costco China over-crowded, closes early on 1st day

Costco stock was up 5% to $292.38 Tuesday after the company's first physical store in China opened in Shanghai.

The store was forced to close early following large, traffic-jam causing crowds. Videos on social media showed swells of shoppers in the store and signs warning of three-hour delays just to park.

For more on the first Costco store on the mainland, China Plus's Heyang, Huang Shan and Tony Reid discussed it in our radio porgram, the Round Table.

View of the first brick-and-mortar store of Costco in the Chinese mainland in Minhang district, Shanghai, China, 20 August 2019. [Photo: dycj/IC]