Warehouse ‘seriously considering’ supermarket move

Warehouse ‘seriously considering’ supermarket move
Warehouse shares rose 1.9% to $3.21 in early afternoon trading on the NZX. (Image: The Warehouse)
Ava Bradley
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...

More Markets

NZ sharemarket lifts as Skellerup update builds confidence
Markets Market Close

NZ sharemarket lifts as Skellerup update builds confidence

The S&P/NZX 50 Index closed up 0.53% or 70.66 points to 13,377.10.

Skellerup eyes US expansion to dodge tariffs
Markets

Skellerup eyes US expansion to dodge tariffs

Chair warns rubber manufacturer may need to make significant investment in US.

Why Fonterra wants to churn out more butter
Primary Sector

Why Fonterra wants to churn out more butter

Other dairy processors have also invested in it.

Fletcher Building MD: ‘It hurts to make these cuts’
Property

Fletcher Building MD: ‘It hurts to make these cuts’

An emotional Andrew Reding says staff understand why the firm has to cut back.