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A challenger appears: Homegrown furniture giant Nido to compete with Ikea

  • News
  • January 21, 2019
  • The Register team
A challenger appears: Homegrown furniture giant Nido to compete with Ikea

Within a few weeks of confirmation that Ikea will come to New Zealand comes the announcement that New Zealand’s largest-ever retailer is set to open in Auckland. This new mega-retailer is nothing to do with Ikea, however: it’s a homegrown furniture and homewares concept store called Nido.

Construction began on the new concept store, Nido, in October 2018. The mammoth showroom will span 27,000 square metres on a 31,000 square-metre site at 158 Central Park Dr, Henderson, and will cost around $60 million. 

It’s expected to be significantly larger than any other single-store retailer in New Zealand. 

The project is about 10 percent complete right now, and when finished, it will carry 10,000 product lines from 80 exclusive brands. More than 100 display rooms will be continuously updated.

Nido is anticipated to open sometime in the coming spring, with online shopping to launch earlier. The online store will partner with a logistics supplier to provide nationwide distribution.

Nido is the brainchild of senior retailer Vinod Kumar, who was instrumental in the development of the Mitre 10 Mega concept. Kumar’s company Magsons Hardware has been involved with Mitre 10 since 1989.

Against the background of Ikea’s arrival, Kumar is keen to point out Nido will be 100 percent New Zealand owned. It will employ 200 locals. 

“Nido will been funded through commercial property investment Maat Group by dozens of local investors from around the country who believe the market is ready for a new retail concept.”

He says its scale and style is the result of nine years of research into international retail models, and will be unlike anything most Kiwis have encountered before.

“Carrying thousands of mainly European and US products, Nido will cater for the wide range of budgets and tastes across the local market. Kiwi shoppers will be able to access the latest products, technology and global design trends.

“At 27,000 square metres this will be largest retail operation in the country and for those outside of Auckland, we will offer online shopping functionality through our website,” says Kumar.

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2020 vision: What 2020 means for Dargaville retailers

  • News
  • January 22, 2020
  • Rachel Helyer Donaldson
2020 vision: What 2020 means for Dargaville retailers

In the final installation of our series looking at retail in seven New Zealand regions, we're examining Dargaville.

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Container Door fined $54,000 over non-compliant bicycles

  • News
  • January 21, 2020
  • The Register team
Container Door fined $54,000 over non-compliant bicycles

Ecommerce retailer Container Door has fallen afoul of the Commerce Commission after supplying pedal bicycles which did not meet mandatory product safety standards.

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2020 vision: How Cambridge retail will perform this year

  • News
  • January 21, 2020
  • Rachel Helyer Donaldson
2020 vision: How Cambridge retail will perform this year

As part of a series looking at seven regional centres to consider what regional retail looks like this year, we're considering Cambridge.

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Zavy and The Register have worked together to create a scoreboard that compares how the top 25 traditional media advertising spenders in New Zealand have performed on social media over the past 30 days, updated in real time.

 
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Steve Mills becomes Countdown's new GM of Merchandise

  • Who's Where
  • January 21, 2020
  • Makayla Wallace-Tidd
Steve Mills becomes Countdown's new GM of Merchandise

Countdown has announced Steve Mills as the new general manager of merchandise.

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Larger retailers to discuss key issues in Retail NZ’s new group

  • News
  • January 20, 2020
  • The Register team
Larger retailers to discuss key issues in Retail NZ’s new group

Retail NZ is launching a new Leading Retailers’ Group for large and significant retailers. With its first meeting to be held in late February, the group will provide a safe outlet for senior retailers to discuss issues affecting the sector.

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Read it again: Best of The Register’s retail fit-out stories

  • News
  • January 20, 2020
  • The Register team
Read it again: Best of The Register’s retail fit-out stories

While you’re working through the summer break, we’re providing some reading material from our archives to keep you busy. This time, we’re looking at top fit-outs and premises.

Read more
 
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