Costco to open a NZ store within a year.

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#2039778 18-Jun-2018 14:22

But Costco stock the major multinational's product - Aldi generally don't. I don't believe that Colgate would supply Aldi with home-branded product. Colgate is not owned by or made by Unilever.

kryptonjohn

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#2039828 18-Jun-2018 15:15

DjShadow:

I'm just having a nosy at their Australian website and from what I can see The Warehouse Group and Tyre chains would have cause for worry also.

Really hope this ends up in Wellington!

I just looked at some 255x55x18x109H tyres on costco.com and they didn't seem much cheaper than local discounted tyres (for quality name brands Michelin, Bridgestone etc) about NZ$400 a tyre once you add GST.

Kyanar

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#2039839 18-Jun-2018 15:32

Fred99:

But Costco stock the major multinational's product - Aldi generally don't. I don't believe that Colgate would supply Aldi with home-branded product. Colgate is not owned by or made by Unilever.

And you'd be wrong. Aldi's toothpaste is in fact home branded Colgate.

But yes, you're correct that Colgate is not Unilever. I had forgotten that Colgate-Palmolive was one of the big five conglomerates.

MikeAqua

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#2039857 18-Jun-2018 15:47

I would welcome a supermarket with less choice in toothpaste.

Mike

sbiddle

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#2039861 18-Jun-2018 15:54

MikeAqua:

I would welcome a supermarket with less choice in toothpaste.

Why can't they make a single toothpaste that offers whitening, cavity protection, sensitivity relief, gingivitis prevention, enamel protection and tartar control all while freshing your breath?

evilengineer

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#2039880 18-Jun-2018 16:16

sbiddle:

Costco are a very different business to a normal supermarket and targeting a pretty niche market.

The intense competition between Progressive and Foodstuffs in the NZ market and low margins will mean it will be tough going for them. Costco will rely on their own brand products.

I almost showered my monitor with coffee when I read that.

Intense competition? Really?

More like a veneer of competition with rotating "specials" and a cozy charge about the same as the other guy for everything else.

The business model is like petrol station competition combined with Briscos style confuse the hell of the punters specials.

mattwnz

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#2039881 18-Jun-2018 16:16

Geektastic:

I'd like to see an end to people wandering around food shops with filthy disgusting bare feet. So great!

They will probably end up paying in the long run when they develop foot problems, as walking on hard surfaces without supportive shoes isn't good long term for the foot.

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sbiddle

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#2039890 18-Jun-2018 16:29

evilengineer:

sbiddle:

Costco are a very different business to a normal supermarket and targeting a pretty niche market.

The intense competition between Progressive and Foodstuffs in the NZ market and low margins will mean it will be tough going for them. Costco will rely on their own brand products.

I almost showered my monitor with coffee when I read that.

Intense competition? Really?

More like a veneer of competition with rotating "specials" and a cozy charge about the same as the other guy for everything else.

The business model is like petrol station competition combined with Briscos style confuse the hell of the punters specials.

I spent 30 years in the industry so happy to answer any question you have since you're a disbeliever.

The industry is *nothing* at all like petrol stations. Petrol stations don't sell products below cost every week on the year at normal shelf price (which still happens with hundreds of key products in supermarkets) just because the competition does.

steve98

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#2039921 18-Jun-2018 17:19

MikeAqua:

I would welcome a supermarket with less choice in toothpaste.

This. Whenever I do the weekly shop with the wife I actually give up at that particular section. I literally cannot cope trying to compare features and prices across the brands. Ridiculous.

steve98

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#2039928 18-Jun-2018 17:30

sbiddle:

evilengineer:

sbiddle:

Costco are a very different business to a normal supermarket and targeting a pretty niche market.

The intense competition between Progressive and Foodstuffs in the NZ market and low margins will mean it will be tough going for them. Costco will rely on their own brand products.

I almost showered my monitor with coffee when I read that.

Intense competition? Really?

More like a veneer of competition with rotating "specials" and a cozy charge about the same as the other guy for everything else.

The business model is like petrol station competition combined with Briscos style confuse the hell of the punters specials.

I spent 30 years in the industry so happy to answer any question you have since you're a disbeliever.

The industry is *nothing* at all like petrol stations. Petrol stations don't sell products below cost every week on the year at normal shelf price (which still happens with hundreds of key products in supermarkets) just because the competition does.

I think you must have merely drunk too much of the industry kool aid! You went on to say in a later comment that NZ has the most competitive supermarket industry *in the world*. Come on. I know this site has an unwritten rule that thou shalt not disagree with sbiddle but that comment is just out there.

eracode

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#2039955 18-Jun-2018 18:20

sbiddle:
MikeAqua:

I would welcome a supermarket with less choice in toothpaste.

Why can't they make a single toothpaste that offers whitening, cavity protection, sensitivity relief, gingivitis prevention, enamel protection and tartar control all while freshing your breath?

.... and caulk gaps in building materials and then be paintable!

Sometimes I just sit and think. Other times I just sit.

richms

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#2039973 18-Jun-2018 18:57

sbiddle:

Why can't they make a single toothpaste that offers whitening, cavity protection, sensitivity relief, gingivitis prevention, enamel protection and tartar control all while freshing your breath?

I would just like to not have to buy kids toothpaste to avoid the grossness that is the mint that they seem to make them all.

Richard rich.ms

grimwulf

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#2040625 19-Jun-2018 16:38

+1 for like this news - any additional competition/investment in the NZ marketplace is good imo.

Echo the comments around whether the economies of scale would be worth it for them, but if they're willing to give it a try then great.

tripper1000

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#2040626 19-Jun-2018 16:39

I don't think it will workout here for them because Kiwi's shoppers are so terrible at budgeting and maths - we just don't seem to be interested in buying in bulk. Kiwi's will buy 2 for $5 because the headline price is cheaper than 6 for $10. It goes hand in hand with the country's poor financial literacy.

It's one of the differences i noticed between the supermarkets here and the USA - there everything is available in bulk because the price per unit is cheaper.

kryptonjohn

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#2040634 19-Jun-2018 16:49

... whereas here it is often *dearer* to buy in bulk!

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