Retail

Nido enters the turmoil of the retail sector

Brent Melville
Sun, 31 May 2020

It is being billed as New Zealand's largest furniture and homeware retailer but the opening of Nido this weekend seems like a hugely optimistic punt on an industry hit hard by the covid-19 shutdown and consumer exodus to digital shopping.The Ikea-esque outlet is a $60 million vote of confidence sprawling over 2.7 hectares in Henderson, West Auckland.It will carry more than 10,000 product lines and create 180 new jobs once it's fully open for business and has its food outlet up and running.Managing director Vinod Kumar, who cut his...

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Nido enters the turmoil of the retail sector

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