Forum Archive Index - February 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Allan,
 
> 
>I have a question for you.  Why do you say that COSTCO will only go
>into Auckland????  I don't think COSTCO wold leave out Christchurch,
>Wellington, Dunedin, Nelson, etc. etc. etc.  Auckland itself would
>probably end up with three or four COSTCO locations.
>

Here is the link to the article published in "The Independent" 
newspaper Allan.

http://www.indy.co.nz/story1.html

According to Greg Muir ( MD 'the Warehouse' ) 'Costco' needs a 
population base of 1 million people for it to be viable.  The only 
site that can give it that customer base is a site in Auckland.

> 
>Also comparing K Mart with COSTCO is similar to comparing a BMW to a
>moped.  K Mart couldn't make it here either, with COSTCO and Wal
>Mart around.  I'm sure you know that they are in bankrupcy and in my
>opinion will never be viable again.
> 

KMart in New Zealand is run by the Australian retailer Coles Myer.  
It is financiallly independent of KMart in the US, although I have no 
doubt they pay some 'licence money' to the US Corporation for using 
the KMart name.

SNOOPY



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