The NZ Herald have reported this week that The Warehouse is “re-entering” the online market shortly.
“We’re watching what’s been bought online in New Zealand outside of the Trade Me arena – it’s growing and we think The Warehouse needs to be in that space.”
According to the article, The Warehouse will be releasing its new site shortly and it will feature a catalog of just 7000 products… and shoppers won’t be able to buy online for another 12-18 months.
Tim Morris, of Coriolis Research, said…
“Internet retailing in New Zealand is behind where it is in other countries, and that’s got nothing to do, I think, with the innate willingness of New Zealanders to buy things online. I think where it falls over is in the execution.”
I agree with the comments Tim Morris makes. Internet retailing in NZ is behind the rest of the world and this article highlights why the big boys struggle on the internet — smaller teams can execute better and faster.
If this is an indication of how fast The Warehouse can execute… then we certainly won’t be shaking in our boots any time soon.
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