A new $60 million retail store with a floor space larger than three football fields is set to open in Auckland.
Nido, a furniture, furnishing, homeware and lifestyle store, will employ more than 200 staff, and carry more than 10,000 product lines.
The store will open after nine years of research into the most innovative retail models from around the world, and will house 80 exclusive brands, with more than 100 display rooms to be continuously updated.
Managing director Vinod Kumar says the scale and style of the offering 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,” Mr Kumar says.
“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 web site.”
He says New Zealanders will be able to shop online prior to the opening of the bricks and mortar store. The company will partner with a logistics supplier to provide nationwide distribution for its product lines.
Mr Kumar, who has been twice voted New Zealand Retailer of the Year, says Nido is entirely New Zealand-owned and operated.
“Nido will be 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.
Construction on the more than 31,000 square metre site at 158 Central Park Drive, Henderson, began in October 2018, and is expected to be completed around spring of this year.