Warehouse ‘seriously considering’ supermarket move

Warehouse shares rose 1.9% to $3.21 in early afternoon trading on the NZX. (Image: The Warehouse)

Fri, 13 May 2022

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The Warehouse Group is weighing up whether to rekindle competition with the supermarket duopoly of Foodstuffs and Woolworths-owned Countdown.Chief executive Nick Grayston said the retailer is strongly considering getting back into the grocery market after hearing consumers want more options in the highly concentrated sector. The Warehouse tried its hand at grocery more than a decade ago but quit when it failed to make much headway.“It’s something we’re seriously considering and we’re watching with interest to see wh...

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