Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 | 3 | 4 | 5 | 6 | 7
27127 posts

Uber Geek
+1 received by user: 6568

Moderator
Trusted
Biddle Corp
Lifetime subscriber

  Reply # 2038847 16-Jun-2018 20:44
Send private message

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.

 

 


gzt

10254 posts

Uber Geek
+1 received by user: 1576


  Reply # 2038853 16-Jun-2018 20:51
Send private message

and marketing.

12000 posts

Uber Geek
+1 received by user: 3895

Trusted
Lifetime subscriber

  Reply # 2038881 16-Jun-2018 21:57
4 people support this post
Send private message

Let's hope they rapidly expand outside Auckland.

Next stop, IKEA!





3040 posts

Uber Geek
+1 received by user: 466

Trusted
Subscriber

  Reply # 2038910 17-Jun-2018 00:57
Send private message

Aredwood:

 

This is the best news that I have heard in ages. As the supermarket duopoly will finally get shaken up. They plan to open on a large site in Auckland with good motorway access.

https://www.nbr.co.nz/article/bulkbuy-giant-costco-slated-set-new-zealand-cs-p-216346 

 

 

Costco won't put a dent in the supermarkets, they aren't in the same niche. They do, however, have an effect on petrol prices within their immediate vicinity.

 

If you want competition for the duopoly, you really want Aldi to make an appearance.

 

Boeingflyer: $1.50 hotdogs with free drink?????

 

$1.50 AUD, $0.99 USD. You're more likely to see either $1.80 or $2.00 NZD.


778 posts

Ultimate Geek
+1 received by user: 185


  Reply # 2038915 17-Jun-2018 06:53
Send private message

Aredwood:

This is the best news that I have heard in ages. As the supermarket duopoly will finally get shaken up. They plan to open on a large site in Auckland with good motorway access.

https://www.nbr.co.nz/article/bulkbuy-giant-costco-slated-set-new-zealand-cs-p-216346 


Progressive foods site in Mt Roskill.

They are moving to the airport, and the site is huge.

251 posts

Ultimate Geek
+1 received by user: 7

Subscriber

  Reply # 2038972 17-Jun-2018 09:28
One person supports this post
Send private message

rogercruse:

 

I did notice one thing on their website that might cause a problem in New Zealand... in the "General Policies" of their "Member Privileges and Conditions" section: 

 

"Shirts and shoes must be worn inside the warehouse at all times"

 

 

Does that mean we'll finally see the end of people in their pyjamas doing the shopping?





Windows 10 Pro
Ubuntu 18.04 LTS


2710 posts

Uber Geek
+1 received by user: 691


  Reply # 2038996 17-Jun-2018 10:21
Send private message

there was a store like costco's in Rotorua years ago . They had an american hotdog stand in store and bulk American Products in a huge store , never caught on and closed. The hotdogs were fantastic though.





Common sense is not as common as you think.


693 posts

Ultimate Geek
+1 received by user: 72

Trusted

  Reply # 2038997 17-Jun-2018 10:21
One person supports this post
Send private message

That's tame, ever been to a Walmart ;-)

 

 


3040 posts

Uber Geek
+1 received by user: 466

Trusted
Subscriber

  Reply # 2039007 17-Jun-2018 11:09
2 people support this post
Send private message

Brunzy:

 

That's tame, ever been to a Walmart ;-)

 

 

Yes, I was disappointed. The store stocked no weapons, had a relatively normal number of people of average body mass shopping, and not a single mobility scooter. Prices were not bad though.


13556 posts

Uber Geek
+1 received by user: 2448

Trusted

  Reply # 2039016 17-Jun-2018 11:19
Send private message

So, is it like a combined Countdown (but not as wide a range of products, many bulk) and a The Warehouse? With  bit of Bunnings thrown in?

 

Might they go big on groceries, and in the short term run a small/medium loss (while they shore up mainstream grocery products) As has been said, they need free access to our grocery products, that would take time with the big two playing hardball.


2712 posts

Uber Geek
+1 received by user: 397

Trusted

  Reply # 2039018 17-Jun-2018 11:25
Send private message

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!


1100 posts

Uber Geek
+1 received by user: 274


  Reply # 2039054 17-Jun-2018 12:49
One person supports this post
Send private message

Anything to break up the duopoly. And don't get me started on price of milk!!


27127 posts

Uber Geek
+1 received by user: 6568

Moderator
Trusted
Biddle Corp
Lifetime subscriber

  Reply # 2039101 17-Jun-2018 13:28
Send private message

amiga500:

 

Anything to break up the duopoly. And don't get me started on price of milk!!

 

 

There is nothing stopping anybody from selling milk at whatever price they want. The retail price is largely dictated by the wholesale price which is not controlled by retailers.

 

NZ has one of the most competitive grocery markets in the world, something The Warehouse found when they tried to expand into the market with Warehouse Extra stores and found they simply couldn't compete on price. 


2918 posts

Uber Geek
+1 received by user: 833

Subscriber

  Reply # 2039115 17-Jun-2018 14:13
8 people support this post
Send private message

It’s not in the supermarket sector that NZ most badly needs duopoly or monopoly relief - it’s in building materials.

BTW, how come there’s only one Monopolies watchdog?

3040 posts

Uber Geek
+1 received by user: 466

Trusted
Subscriber

  Reply # 2039146 17-Jun-2018 16:15
One person supports this post
Send private message

tdgeek:

 

So, is it like a combined Countdown (but not as wide a range of products, many bulk) and a The Warehouse? With  bit of Bunnings thrown in?

 

Might they go big on groceries, and in the short term run a small/medium loss (while they shore up mainstream grocery products) As has been said, they need free access to our grocery products, that would take time with the big two playing hardball.

 

 

No, it's nothing like any of that. A Costco is not a place where you can do your weekly supermarket shop. It's a place where you can get a selection of products at larger product sizes. An example - a 2 pack of 1kg Best Foods Mayonnaise, that you have a roughly 10% chance of consuming before it goes off, a 2 pack of 1kg Vegemite, a 2 pack of electric toothbrushes, a 12 pack of Sirena Tuna, two loaves of Tip Top Bread, 12 freshly baked bagels, a 14 inch pizza, 1kg of wings, 4 new tyres, a new TV, a garden shed, a coffin, 2 litres of iced coffee, 20 litres of Unleaded 98 petrol and 10 m2 of grass. All in the same shop. What you WON'T see, is "weekly shop" sized portion of margarine, mayonnaise, tinned tuna, Vegemite, bread, or anything else. They don't do "mainstream grocery products", and they definitely don't do any kind of loss.

 

It also will not challenge Bunnings or Mitre 10, because no product in Costco is a permanent line - everything is seasonal, and subject to rotation.

 

I'll say it again, it does NOT compete with the supermarket duopoly. It will have zero impact on Countdown or Pak 'n Save. It will, however, make waves with Gilmours, Toops and Trents. And as to challenges getting products, that won't be an issue. For a start, Costco Wholesale prefers to do business with local suppliers - the same kinds that appear in Pak 'n Save and Countdown as Select and Pam's brands, and with the major brands that are mostly American owned (Unilever, Mondelez, etc), they'll be more inclined to tell Progressive Enterprises Ltd or Foodstuffs Co-operative Ltd to go jump over Costco Wholesale Corporation, who they have a global relationship with.

 

If you really want to threaten then duopoly, get in touch with Aldi and try encourage them to set up shop in NZ. They've done wonders for keeping Woolworths and Coles honest.


1 | 2 | 3 | 4 | 5 | 6 | 7
View this topic in a long page with up to 500 replies per page Create new topic

Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.