New $NZ790 million retail development in Auckland

12 February, 2018 by
FMCG Business

Department store chain David Jones has revealed plans to set up a new store in Auckland, following on from its first store in Wellington in 2016.

According to The NZ Herald, the company’s Chief Executive David Thomas announced the move along with Scentre Group Chief Operating Officer Greg Miles. David Jones is set to be a key piece in a new $NZ790 million Westfield development in Auckland which will feature more than 200 stores over five levels. With Farmers, Countdown and Event Cinemas confirmed, Westfield Newmarket will deliver a world of fashion and beauty, immersive lifestyle experiences, rooftop dining and entertainment along with a gourmet market.

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The new development will focus on premium fashion, food and technology, which fits with David Jones’ focus on developing a high-end food offering for consumers.

The 2017 preliminary report of its parent company Woolworths Holdings Ltd said David Jones will “provide a market leading food experience by investing $100 million over the next three years in existing and new stores.”