• HALL & OATES - I CAN'T GO FOR THAT

    Now Playing

    I CAN'T GO FOR THAT - HALL & OATES

  • THE POINTER SISTERS - FIRE

    Previously Played

    FIRE - THE POINTER SISTERS

  • ICEHOUSE - CRAZY

    Previously Played

    CRAZY - ICEHOUSE

  • THE DOOBIE BROTHERS - WHAT A FOOL BELIEVES

    Previously Played

    WHAT A FOOL BELIEVES - THE DOOBIE BROTHERS

  • BACKSTREET BOYS - AS LONG AS YOU LOVE ME

    Previously Played

    AS LONG AS YOU LOVE ME - BACKSTREET BOYS

  • JOE COCKER - YOU ARE SO BEAUTIFUL

    Previously Played

    YOU ARE SO BEAUTIFUL - JOE COCKER

  • PHIL COLLINS - YOU CAN'T HURRY LOVE

    Previously Played

    YOU CAN'T HURRY LOVE - PHIL COLLINS

  • SUPERTRAMP - GIVE A LITTLE BIT

    Previously Played

    GIVE A LITTLE BIT - SUPERTRAMP

  • DAVE DOBBYN - LOYAL

    Previously Played

    LOYAL - DAVE DOBBYN

  • EAGLES - BEST OF MY LOVE

    Previously Played

    BEST OF MY LOVE - EAGLES

  • MIKE OLDFIELD/MAGGIE REILLY - MOONLIGHT SHADOW

    Previously Played

    MOONLIGHT SHADOW - MIKE OLDFIELD/MAGGIE REILLY

  • ELTON JOHN - SACRIFICE

    Previously Played

    SACRIFICE - ELTON JOHN

  • Jimmy Barnes w/ John Farnham - WHEN SOMETHING IS WRONG WITH MY BABY

    Previously Played

    WHEN SOMETHING IS WRONG WITH MY BABY - Jimmy Barnes w/ John Farnham

  • PAT BENATAR - WE BELONG

    Previously Played

    WE BELONG - PAT BENATAR

  • England Dan & John Ford Coley - I'D REALLY LOVE TO SEE YOU TONIGHT

    Previously Played

    I'D REALLY LOVE TO SEE YOU TONIGHT - England Dan & John Ford Coley

  • ROD STEWART - I WAS ONLY JOKING

    Previously Played

    I WAS ONLY JOKING - ROD STEWART

  • ANNIE LENNOX - NO MORE I LOVE YOU'S

    Previously Played

    NO MORE I LOVE YOU'S - ANNIE LENNOX

  • STEELY DAN - RIKKI DON'T LOSE THAT NUMBER

    Previously Played

    RIKKI DON'T LOSE THAT NUMBER - STEELY DAN

  • PAUL YOUNG - LOVE OF THE COMMON PEOPLE

    Previously Played

    LOVE OF THE COMMON PEOPLE - PAUL YOUNG

  • LITTLE RIVER BAND - HAPPY ANNIVERSAY

    Previously Played

    HAPPY ANNIVERSAY - LITTLE RIVER BAND

  • CLIFF RICHARD - SOME PEOPLE

    Previously Played

    SOME PEOPLE - CLIFF RICHARD

Costco is coming to New Zealand!

Section
News,
Publish Date
Tuesday, 11 June 2019, 2:35PM

Costco Wholesale Corporation, the world's second-largest retailer behind Walmart, has just announced it will open its first New Zealand store on Auckland's north-western fringe.

The membership-only United States-headquartered bulk discounter is famous for being 25 to 30 per cent cheaper than its supermarket competitors and offering an eclectic mix of products ranging from giant teddy bears to coffins.

Westgate, where the Costco store will be built. Photo/supplied
Westgate, where the Costco store will be built. Photo/supplied

Campbell Barbour, NZ Retail Property Group general manager, issued the announcement with Costco Wholesale Australia managing director Patrick Noone, mayor Phil Goff and Waitakere councillor Linda Cooper.

"Global bulk discount retailer Costco has announced that it is coming to New Zealand. The US Giant has worked with the New Zealand Retail Property Group and secured a site at Westgate in Auckland's North West. Costco is the world's second largest retailer," the statement said.

The property development project will bring a store of about 14,000sq m, the announcement said. That is roughly equivalent to two rugby fields.

"The Westgate Costco warehouse will be approximately 14,000sq m, provide over 800 carparks and cost approximately $90m. The new warehouse will create an estimated 350 full-time equivalent jobs for the north-west Auckland community," the announcement said.

A full-format offering will result in Costco selling groceries, electronics, homewares, fuel station, tyre centre, food court, optometrist, hearing aid services, the announcement said.

Costco has already started the process of getting necessary regulatory consents "and is preparing to start construction of the warehouse as soon as those are obtained," it said.

Costco's Patrick Noone from Australia said the chain had been in that country for about 10 years and the Westgate warehouse marked "another significant milestone for the company, reinforcing the company's continued global expansion".

The business had "presented a whole new way of shopping for Australian consumers. There really was nothing like Costco in Australia. By simply offering a no-frills warehouse experience with the highest quality products at the best possible prices, we have quickly and firmly been able to establish ourselves in the market," Noone said.

Barbour of NZRPG said many products including day-to-day groceries, clothing and electronics would be sold at "heavily discounted prices for its members. I think it is a game changer, both in terms of Westgate and the general retail landscape."

Having Costco pick Westgate was " a real coup for the town centre, our company and the community," Barbour said.

Goff said Costco's arrival would bring a world-leading retailer and further establish Auckland as a growing international city.

"Auckland Council has identified Westgate as a key metropolitan area and invested significantly in its development," Goff said.

The north-west was a remarkable growth story, serving established areas like Henderson, Massey and Hobsonville and areas of big expansion such as Whenuapai and Red Hills, he said.

"The introduction of Costco will complement the growing number of services," Goff said, referring to civic amenities in the area.

Linda Cooper said the chain's arrival would add to the considerable mix of retail options in the area.

What is Costco Wholesale?

• Global bulk discount chain headquared in the US
• 750 stores worldwide, 11 in Australia
• Originally opened 1976 as Price Club, San Diego
• 1983, first Costco opened in Seattle
• Total annual sales around US$126b
• Opening first NZ store at Westgate, Auckland

 

This article was first published on nzherald.co.nz and is republished here with permission.

Listen Live Here Listen Live on iHeartRadio