Food Ticker
The Business of Food
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The Business of Food and Beverage

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Thursday 25 April 2024

Costco

Sealord, Costco end 2023 in the red 15th January 2024 /

Sealord, Costco end 2023 in the red

US retail giant CostCo’s newly established NZ operation is in the red, while Sealord’s financial performance was snagged by software implementation costs.


“They take half the margin of the duopoly” – Yum lands at Costco 30th November 2023 /

“They take half the margin of the duopoly” – Yum lands at Costco

The breakfast specialist lands a contract with the US giant’s Auckland store that ticks the boxes for sales margins and sustainability.


Costco’s new thinking on location of second NZ store 3rd November 2023

Costco’s new thinking on location of second NZ store

And it’s neither Wellington nor Christchurch, says the US retail giant’s NZ boss.


Costco reports $20.6m revenue, $12.5m loss before NZ opening 21st February 2023

Costco reports $20.6m revenue, $12.5m loss before NZ opening

Costco Wholesale New Zealand Limited reported a $12.5m loss for the year to 28 August 2022 but it opened its doors to Kiwi shoppers a month after the end of that period.


Costco brand shredded chicken recalled 14th November 2022 /

Costco brand shredded chicken recalled

Source and Supply Food Co is recalling a specific batch of Costco brand shredded chicken due to incorrect use-by date labels.


What are Costco’s top selling products and who supplies them? 8th November 2022

What are Costco’s top selling products and who supplies them?

Costco assistant general merchandise manager Jody Farrell tells the NZFGC conference about its best sellers.


Supermarket competition: The Warehouse books grocery growth, Costco opens its doors 28th September 2022 /

Supermarket competition: The Warehouse books grocery growth, Costco opens its doors

The Warehouse says it will continue to expand its grocery range after seeing 40% growth, while Costco finally invites shoppers in.


Costco pencils in Auckland opening date – border dependent 9th February 2022 /

Costco pencils in Auckland opening date – border dependent

However, expansion beyond Auckland will depend on its NZ debut, says the global retailer.


What Costco is hunting for Auckland superstore… and the world 15th June 2021 /

What Costco is hunting for Auckland superstore… and the world

Costco’s NZ boss tells the Ticker what he’s searching for in Kiwi food brands to fill his first NZ store and potentially take global.