Costco is intending on opening it's first store/warehouse in Auckland NZ, At this point in time they have purchased land for development but construction hasn't started yet so it probably won't open until next year.
What impact is this likely to have on NZ based businesses or importers based on the US or other foreign country experience? I've heard horror stories of Wal-Marts opening in US towns and all the Mom & Pop stores or even smaller chain stores go out of business as they can't compete on price.
NZ has a population just shy of 5 million, with around 1.7 million of those living in Auckland and about half of the total population living within 100 miles of Auckland.