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

From banking to boardrooms: director Shelley Ruha
Markets Small Cap Wrap

From banking to boardrooms: director Shelley Ruha

Why this small-cap chair loves littlies, rural optimism, boomer farm sales, and more.

GDP beats forecasts, but NZ sharemarket dips
Markets Market Close

GDP beats forecasts, but NZ sharemarket dips

Energy gentailers have agreed general terms for an energy reserve at Huntly.

Tom Raynel 19 Jun 2025
KMD Brands dips 5% on ‘disappointing’ update
Retail

KMD Brands dips 5% on ‘disappointing’ update

The downgrade was driven by a 6.4% drop in Kathmandu sales.

Gregor Thompson 19 Jun 2025
Another step taken to secure future of Huntly Power Station
Markets

Another step taken to secure future of Huntly Power Station

Gentailers have agreed to set up a strategic reserve centre at Huntly.

Ian Llewellyn 19 Jun 2025