US retailer Costco eyes Christchurch location
Costco is reportedly seeking a fast-track application to open a new store in Christchurch, New Zealand, near the airport. Local officials have expressed support for the potential development, citing the benefits of increased retail competition and job creation.
Why it matters
The expansion of major international retailers into new markets significantly impacts local economies and consumer competition.
<p>US retail giant Costco appears to be eyeing a potential large-scale development in Christchurch, with the council asked to provide feedback on a fast-track application. </p> <p>The development would reportedly be on land between Memorial Ave and Avonhead Rd, near the airport.</p> <p>Waimairi Ward councillor Sam MacDonald told 1News he couldn't say much, but said the council had been asked to give feedback on a Costco fast-track application.</p> <p>The application has not yet been published on the Government’s fast-track application website.</p> <p>Costco declined to comment on the proposal. 1News also sought comment from Infrastructure Minister Chris Bishop. </p> <p>Christchurch Mayor Phil Mauger told 1News the fast-track "only just popped out of the woodwork in the last week or so", but said it was "in the system".
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