Costco's plans: First Auckland, then Christchurch, maybe Wellington

Bulk-buyer down under: Costco's Australian managing director, Patrick Noone. (Image: Supplied)

Tue, 12 Jul 2022

Costco will only open more stores in New Zealand if its Auckland mega-store at Westgate succeeds, with expansion to Christchurch, then Wellington, on the cards, says the Australian managing director of the US retail mega-chain, Patrick Noone.Speaking to BusinessDesk after an investors’ lunch in Sydney last Thursday where Noone was placed alongside prime minister Jacinda Ardern, Noone said Auckland was the obvious starting place because of the sheer scale at which Costco seeks to operate its low-cost shopping model.“We typically look...

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