Costco NZ

2022 - 4 - 27

Post cover — Image courtesy of "New Zealand Herald"

Costco reveals petrol pricing, service station opens (New Zealand Herald)

Costco has revealed its petrol pricing for its service station at Westgate, which opens this morning. The US giant will sell 91 for $2.50 per litre, ...

A 2020 Houston Chronicle report said the giant retailer at times uses fuel as a "loss-leader", selling at 20c to 30c cheaper per gallon (3.7 litres) than traditional service stations to attract customers to the rest of its business. That's for general shopping. Costco's 2021 annual report says its 636 service stations account for 9 per cent of its US$163 billion revenue worldwide (as of December 2021, Costco had 828 stores or "warehouses" as it calls them, including 677 in North America, 29 in the UK and 13 in Australia). Another close by service station, the Mobil in Don Buck Rd, had 91 for $2.73 and 95 for $2.91 this morning, while another local station, Challenge Massey, had 91 for $2.66 and 95 for $3.06. The pricing is below the nearby Pak'nSave, whose service station is selling 91 for $2.69, 95 for $2.85 and diesel for $2.29 for the supermarket's shoppers. Costco has revealed its petrol pricing for its service station at Westgate, which opens this morning.

Costco opens petrol station in Auckland with $2.50 a litre petrol ... (Stuff.co.nz)

Costco is threatening to shake up the fuel and supermarket sector as it opened its first fuel station in New Zealand on Wednesday.

But it was not open 24/7 like other competitors. Noone said about 700 people had already signed up for a membership in New Zealand, and expected the figure to reach more than a million as the brand became established. In Australia, Costco prices were 25 to 30 per cent cheaper than at other retailers and the same was expected for New Zealand. He said he had experienced Costco while living in the United States and was excited to have it in his own backyard. Costco is threatening to shake up the fuel and supermarket sector as it opened its first fuel station in New Zealand on Wednesday. The price of fuel was cheaper than nearby Pak ‘n Save fuel on Fred Taylor Drive, which was $2.68 for 91 and $2.51 for diesel, according to fuel price comparison app Gaspy.

Retail giant Costco opens petrol station in Auckland (1 News)

The retail store is due to open at the end of August at the Westgate Town Centre, but the petrol station opened on Wednesday.

The retail store is due to open at the end of August at the Westgate Town Centre, but the petrol station opened on Wednesday. 1News filmed motorists filling up at the Costco petrol station today. Retail giant Costco has opened a petrol station on the site of its store in Auckland.

Costco reveals petrol prices after opening first station in west Auckland (Newshub)

The US giant is selling 91 for $2.50 per litre, 95 for $2.60 per litre and diesel for $2.10 per litre. At a nearby PaknSave petrol station, 91 is available for ...

Watch: What it's like inside NZ's first Costco Wholesale (Newstalk ZB)

The nearly-finished warehouse at 2 Gunton Dr is a $100 million-plus membership store, costing $60/person or $55/business annually, out to challenge our ...

Yarrows is promoted as "located in Manaia ... under the watchful eye of Mt Taranaki". Photo / Michael Craig Photo / Michael Craig Photo / Michael Craig Ground conditions were not easy and the warehouse has 1800 concrete piles. Photo / Michael Craig Across the Tasman, if Costcos are multi-level, their parking is underneath, he said. The size of steel beams and columns show that clearly, dotted throughout the ground floor. Getting a traffic management plan approved is top-of-mind for executives. Photo / Michael Craig Ideally, we would sell alcohol in any jurisdiction but it just didn't work out." Photo / Michael Craig

Watch: Sneak peek inside Costco's first NZ mega-store (1 News)

One of the world's biggest retail chains is set to open its first New Zealand store in just a few months. On Wednesday, Costco opened a petrol station on ...

It'll be a full pallet and it won't be stacked on the shelf. We will fit in nicely to the market place. "We are going to fit into the market just fine.

CostCo launches in Auckland with discounted petrol (RNZ)

In what many New Zealanders hope will be a strong challenge to the supermarket duopoly, American giant discount retailer Costco has begun trading in ...

we're pretty confident we compete with anyone." If the first store in Auckland is successful Costco is looking to open other stores in Christchurch or Wellington. " "I think anyone entering into the market's always going to have some challenges putting together their suppliers and their supply chain." "We already have an existing supply chain in Australia and around the world, so I believe looking at what we can do and looking at the local market I'm very comfortable bringing goods to market at a really competitive price. With construction of its store still underway, Costco opened a petrol station this morning in Auckland's Westgate, and motorists were keen to sign up for the discounted fuel.