Decision Reached On Proposed East Lyme Costco Location: Report

EAST LYME, CT — Costco, the large price club retailer with a half-dozen warehouse locations in Connecticut, has decided to pull out of a plan to open a store in the Gateway Commons site in East Lyme, reports The Day.

The retailer did not give developers of the site off exit 74 of I-95 a specific reason for pulling out. But Newton Brainard, vice president of Sikon Development Corp., told the publication that it could be due to the headwinds brick-and-mortar stores are currently facing.

With the pullout, Sikon has begun marketing the site to find a new anchor tenant. Costco also pulled out of a planned Branford location earlier this year, but this month indicated that it may be looking at another location in that town.

Click here to read the full story on The Day website.

Photo credit: Costco