15th January 2024 Costco / Sealord
US retail giant CostCo’s newly established NZ operation is in the red, while Sealord’s financial performance was snagged by software implementation costs.
The breakfast specialist lands a contract with the US giant’s Auckland store that ticks the boxes for sales margins and sustainability.
And it’s neither Wellington nor Christchurch, says the US retail giant’s NZ boss.
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.
Source and Supply Food Co is recalling a specific batch of Costco brand shredded chicken due to incorrect use-by date labels.
Costco assistant general merchandise manager Jody Farrell tells the NZFGC conference about its best sellers.
The Warehouse says it will continue to expand its grocery range after seeing 40% growth, while Costco finally invites shoppers in.
However, expansion beyond Auckland will depend on its NZ debut, says the global retailer.
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.
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