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Costco opens 2nd Melbourne supermarket

US discount supermarket giant Costco will open its second Melbourne store in Ringwood next year, the company announced on Wednesday.

Construction of the 14,500 square-metre warehouse at the old Ringwood market site is expected to start within months and be completed by late 2013.

The store will be only the second to open in Melbourne since the retail giant entered the Australian market in 2009, with a warehouse store at Docklands.