There's going to be a massive IKEA rival opening in NZ

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If you'll recall, NZ were pretty excited when the news broke that IKEA were opening a store here. But there may be some competition.

Earlier in January it was announced the Swedish furniture retailer will open a megastore in Auckland in the next few years, with a possible South Island location to follow.

However they'll be beaten to the punch by Nido Living, a new franchise that will rival IKEA in sheer size alone. A $60m store will open in Henderson in spring, with a floor space of 27,000sqm - bigger than three rugby fields.

Nido, which will sell furniture, homeware and lifestyle goods, will be the country's largest ever retailer and carry more than 10,000 product lines.

Nido Living
Nido Living

Founder and managing director Vinod Kumar says the store will be 100 percent New Zealand owned and operated, and will employ 200 locals onsite.

While the physical store won't be open until the second half of 2019, people will be able to browse its products through online shopping before then.

- Newshub.