According to a new report by GapMaps, New Zealand’s fast-food retailing and health & fitness sectors have recorded “modest growth” during the past year.
The cloud-based location intelligence platform tracked 18 leading brands across 1443 locations in the country and reported 53 store openings and 38 closures.
“Our ability to use a range of data points to represent the most up-to-date view of physical network locations in New Zealand is helping retailers and other brands make better location decisions at a time when new working arrangements, such as hybrid, are having an impact on population habits and movements,” said Scott Johnson, a senior analyst of GapMaps.
In the six months to June 30, 36 store openings ensued in food retailing – with 11 store openings in the final quarter. Tank Juice recorded the highest number of openings at 10 stores, followed by Burger King, Domino’s and Subway with five stores each.
Likewise, 24 store closures occurred in the same period of which 11 were in the final quarter.
Pita Pit closed 10 stores, while Burger King closed eight and Nando’s with seven. Subway, McDonald’s and Carl’s Jr reported three closures.
