A former supermarket leader agrees New Zealand's lacking competition.

The Government's aiming to put supermarkets that would improve competition up for being fast-tracked in new reforms.

It comes as the Minister of Finance confirms there's been talks with Costco to potentially expand across the country in the coming years.

Former Costco NZ managing director Patrick Noone says their West Auckland store's provided some savings.

"In that same precinct, we had Pak’nSave, we had Woolworths across the street and we were able to operate and be extremely competitive with the local market."

LISTEN ABOVE

A former supermarket leader agrees New Zealand's lacking competition.
The Government's aiming to put supermarkets that would improve competition up for being fast-tracked in new reforms.
It comes as the Minister of Finance confirms there's been talks with Costco to potentially expand across the country in the coming years.
Former Costco NZ managing director Patrick Noone says their West Auckland store's provided some savings.
"In that same precinct, we had Pak’nSave, we had Woolworths across the street and we were able to operate and be extremely competitive with the local market."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Patrick Noone: former Costco NZ managing director on whether more grocery retailers would boost competition

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c8279521-c9d1-4052-8985-b347005fe53c/transcript