Auckland city is speedy in “value dropping , business dropping & jobs dropping “…!
From February the signs were there!
Time to get leadership changed for a “shake /up!”
Back on track .
Who are they? Real Estate market where is it heading?
Challenges will reflect in next weeks of our market for sure .
NZ cannot avoid to be in the turbulence now as our economy is weaken … market spaces certainly will be taken over by others from elsewhere.
‘Who are the next winners?’
Auckland & Globally?
Discount retailer Costco is set to open its first New Zealand store complete with petrol station in Westgate, Auckland.
The Westgate warehouse will offer the American chain’s full format including a Costco fuel station, tyre centre, food court, optometrist, hearing aid services along with groceries and homewares.
The company will start building in the next 12 months, and the store – with a rooftop carpark – will open in 2021.
In Australia, Costco was 25-30 per cent cheaper than other retailers and the same was expected for New Zealand.
While high end retailers feel the pressure across New Zealand.
David Jones to ‘aggressively’ close stores as profit plunges.