Costco's interest in New Zealand could be a good sign for our grocery sector. 

The big-box US retail chain's bought a large plot in the new Drury Town Centre for its second Auckland store. 

A Westgate branch opened three years ago. 

Grocery Action Group chair Sue Chetwin says Costco clearly sees profit potential in New Zealand. 

"It would be really good if a third or a fourth operator thought like that, but was willing to have a few more supermarkets so more people could benefit."

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Costco's interest in New Zealand could be a good sign for our grocery sector.&nbsp;
The big-box US retail chain's bought a large plot in the new Drury Town Centre for its second Auckland store.&nbsp;
A Westgate branch opened three years ago.&nbsp;
Grocery Action Group chair Sue Chetwin says Costco clearly sees profit potential in New Zealand.&nbsp;
"It would be really good if a third or a fourth operator thought like that, but was willing to have a few more supermarkets so more people could benefit."
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

Sue Chetwin: Grocery Action Group chair on the new Costco store planned for Drury

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1f03ba9a-f4b6-4059-a411-b393005707ce/transcript