New World

New World is a New Zealand full-service supermarket chain. Each store is independently owned and operated, and is part of one of two Foodstuffs' co-operatives (Foodstuffs North Island and Foodstuffs South Island). Other independently owned and operated members of the Foodstuffs co-operatives include Pak'nSave and Four Square stores. History Founded in 1963, New World was the first American-style full-service supermarket brand of Foodstuffs, and the second in New Zealand (after Foodtown). As of December 2021, there are more than 140 New World supermarkets across the North and South Islands. New World has been a member of the Fly Buys program since the program started in September 1996. In early 2003 New World helped introduce Superbank, a completely electronic banking network aimed at saving customers money. While New World Supermarkets had much advertising for the service in their stores, Superbank had no physical services inside the store. In August 2006 it was announced that after heavy losses Superbank would be shut down and have its portfolio sold to GE Capital.