Queenstown’s Mitre 10 MEGA opened yesterday in Queenstown in lieu of the Mitre 10 Remarkables Park store at Shotover Park, with triple the product offering of the old store.
It is the culmination of a 13-year process to establish it in Queenstown and a four-year resource consent application. In view of that, owner Jason Smith’s delight with the 8000 sqm development is no surprise.
It will be staffed by 40 employees from the previous store and a further 80.
The Smith family’s has another Mitre 10 MEGA at Invercargill.
The development features a drive-thru service for trade customers, a garden centre, a Columbus Cafe, a children’s playground, 180 car parks, and showroom-style display areas.
The 39th Mitre 10 MEGA and the latest addition to the co-operative’s 81-strong network of stores follows hot on the heels of Briscoes, Rebel Sport, Warehouse Stationary and Countdown developments in this fast-growing city.
Mitre 10 reported a 92 per cent drop in earnings for the year to June 30, at $106,000, reflecting accounting adjustments, higher rent and banking for future development sites. The NZ unit of Bunnings, its rival, however reported net profit of $12 million for the year ended June 30, from $5.8 million a year earlier, according to financial statements lodged with the Companies Office.
