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(CNN) -- Costco has built a cult following in the United States — now it's China's turn. The country's first Costco store is so popular that it had to shut down early on its first day because of too many shoppers.The retailer opened its first physical outlet in Shanghai on Tuesday morning, and it quickly got too crowded to stay open."The store has been clogged up with crowds," Costco said in a text message alert to its members in China. "To provide you with better shopping experience, Costco will suspend business in the afternoon. Please don't come."Police were deployed to restore order and manage traffic jams around the store, with law enforcement urging people to remain calm."For your safety, we hope citizens who want to go to Costco can maintain a rational attitude about consumption and avoid going out during rush hours. Those who have already gone there, you must follow orders," the Shanghai police said in a statement on its verified account on Chinese social network Weibo.The photos posted by police with the statement included one of a sign Costco put up outside the store, which read: "The parking lot is full. It takes three hours to wait."The company even issued an apology on social media for Chinese customers Wednesday, adding that it will put a cap on the number of customers allowed in the store to 2,000 and work with local police to "lessen the disturbance" to its neighbors.The road aheadWhile Costco has had an online presence in China for five years through a partnership with Chinese e-commerce firm Alibaba, the new brick-and-mortar store in Shanghai marks a significant investment.Costco's annual membership program, which accounts for the bulk of its profit, is also cheaper in China — it costs 299 yuan () compared to in the United States.But despite the early buzz around its Shanghai store, the US retailer will have to prove it can stick around for the long haul. It has to contend not only with global rivals like Walmart and big Chinese players like Alibaba and JD.com, but also with China's rapid economic changes and its growing online retail industry."There is big market potential for Costco in China, as its value for money strategy is attractive to many middle-class consumers," said Michelle Huang, an analyst at Rabobank in Shanghai."Whether Costco can succeed in the long term depends how well it can adapt to China's dynamic retail landscape," she added.Day one hypeWhile there are challenges on the horizon, the early hype around China's Costco stores is very real.Echo Zhou, a 28-year-old financial professional in Shanghai, said she arrived at 9:10 a.m., but didn't make it to the parking lot until an hour later and finally got into the store around 11 a.m."The surrounding roads were paralyzed. The highway nearby was also congested," she said."By the time I got in, there were crowds of old people who had already wiped out some shelves."Zhou said she decided to leave without buying anything as there was little room for shoppers inside the store, which was packed with crowds and the big shopping carts."I will give it another chance three months later as I've got the membership," she added. 3169
Shares of AT&T dropped Friday after the New York Times reported the Department of Justice opened a, anti-trust investigation into coordination by the carriers to "hinder consumers from easily switching wireless carriers."The NY Times piece includes information from anonymous sources and says those sources have knowledge of the inquiry. Read the NY Times report here.The G.S.M.A., a mobile industry standards-setting group, is also part of the investigation, according to the NY Times. Complaints were filed with the Department of Justice several months ago, prompting the investigation, the sources told NYT.None of the entities under investigation commented for the NYT report. 708
"Tiger King's" Carole Baskin is reportedly getting her very own TV show.According to Variety, the unscripted show will follow the prominent cat activist and her husband Howard as they hunt down and call out anyone who abuses animals.The Baskin's will work with ITV America's Thinkfactory Media on the unnamed project.The New York Times said Thinkfactory would work on pitching it to networks to see if anyone will pick it up. 433
Women pay more than men for many products. It’s a phenomenon known as the "pink tax" that some call a product of gender discrimination.But the pink tax isn’t always a tax. Some products women need are just more expensive. Today, some states and companies are working to make things equal.Over the years, 316
Workers at a restaurant in Ohio refused to complete a catering order for troopers from the Ohio State Highway Patrol amid civil unrest over the death of George Floyd. The restaurant chain, Condado Tacos, closed its Columbus-area locations on Tuesday after workers accused the restaurant of firing them for not completing the order. Columbus has had its share of unrest since Thursday night, when protesters broke out the windows to a number of downtown businesses and government buildings.According to the restaurant, one of its restaurants received a catering order that was placed by the Ohio Highway Patrol, with a number of workers refusing to fulfill the order. The restaurant said that management communicated that workers who were uncomfortable with completing the order did not have to work on the order. The restaurant said that a few employees chose not to finish their shifts, and that no one will lose their jobs as a result of Monday’s incident. “Condado was built as a place for everyone, without judgment or fear,” the restaurant said in a statement. “A place where originality and being unique are embraced. We are also a family that cares for and about each other. From the first day we opened our doors, we have included all people as employees and as guests in the Condado world. We want to be clear that we stand against racism – always have and always will.”The decision to close on Tuesday affected six locations. It is unclear when the restaurants will reopen.An employee told 1512