Noel Leeming

What Noel Leeming does

Noel Leeming is New Zealand's leading specialty retailer of consumer technology, electronics, and home appliances, founded in 1973 and operating as a wholly-owned subsidiary of The Warehouse Group (NZX: TWH). The company runs a multi-channel retail platform combining a nationwide network of physical stores with a full e-commerce website (noelleeming.co.nz), native iOS and Android mobile applications, and a 1-hour Click & Collect service. Its merchandise assortment spans eight primary categories: Computers & Office Tech, Appliances, Mobile & Smart Devices, Audio, Home Entertainment, Photo & Video, Gaming, and Smarthome, with product prices ranging from under $20 for basic accessories to over $40,000 for premium televisions.

The company generates revenue primarily through one-time retail product sales, supplemented by services revenue from Tech Solutions (in-home delivery, installation, and setup reaching approximately 30,000 homes per year), repairs, protection plans, and trade-in/recycling, plus partnership economics from financing providers including Latitude Financial Services (Gem Visa, NOW Rewards Visa), Afterpay, and Zip. Its go-to-market is direct-to-consumer with a sales-assisted layer via in-store expert staff and a separate commercial sales division (nlgcommercial.nz) targeting business customers. Marketing is executed through owned digital channels (website, mobile app, email) and social platforms (Instagram, Facebook, LinkedIn).

Noel Leeming's competitive positioning rests on nationwide physical distribution scale, an established NZ brand, price-match guarantees, and The Warehouse Group's group-level procurement and logistics synergies. The business has no proprietary technology platform of its own and operates as a traditional retailer reselling third-party brands. In July 2025 it faced Commerce Commission charges over its Price Promise promotion, which the CEO has publicly contested, and in April 2026 it joined the ANZ Loop card-linked cashback program with ANZ and Visa as a participating partner.

Name

Noel Leeming

Legal name

Noel Leeming

Website

https://noelleeming.co.nz

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Noel Leeming is New Zealand's leading specialty retailer of consumer electronics, technology, and home appliances, operating a nationwide network of physical stores, an e-commerce website, mobile apps, and in-home installation services, as a subsidiary of The Warehouse Group.

Ownership category

akta.pro rank

Product category

Consumer Electronics and Appliances Retail

NAICS

Electronics and Appliance Retailers (4492)

SIC

Retail-Computer & Computer Software Stores (5734)

akta.pro primary industry

Big-Box Electronics + Gaming & VR Retail (CRACAAAG)

Keywords

• Consumer electronics retail
• Home appliances retail
• Technology retail store
• Electronics and appliances
• Multichannel retail

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Retail Product Sales: Primary revenue from selling technology products and appliances at retail prices, including computers, mobile phones, audio equipment, home entertainment, gaming, and domestic appliances.
2. Services Revenue: Additional revenue from delivery, installation, setup services, tech support, repairs, protection plans, and trade-in/recycling services.
3. Financing Partnership Revenue: Revenue share or partnership fees from financing providers including Latitude Financial Services (Gem Visa, NOW Rewards Visa), Afterpay, and Zip.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels4 records

Core offering

Noel Leeming is a New Zealand multi-channel retailer that sells consumer electronics, home appliances, mobile devices, audio, home entertainment, gaming, photography, and smart home products from leading brands through physical stores and an e-commerce website. The company complements product sales with paid services including home delivery, installation and setup, repairs, protection plans, trade-in and e-waste recycling, and a commercial sales division.

Product overview

Noel Leeming is New Zealand's leading technology and appliances retailer, operating as a physical and online retail platform with both e-commerce website and physical store locations. The company offers a comprehensive product portfolio across multiple categories including Computers & Office Tech, Appliances, Mobile & Smart Devices, Audio, Home Entertainment (TVs, projectors, streaming devices), Photo & Video (cameras, drones), Gaming (consoles, games, accessories), and Smarthome devices. The offering is organized as a unified retail platform with complementary service offerings including Tech Solutions (delivery, installation, setup serving 30,000 homes annually), Repairs & Protection plans, Trade-In & Recycling programs, and Learning & Support services. Payment options include Afterpay, Zip, NOW Rewards Visa, and Gem Visa. The company also participates in the ANZ Loop Visa cashback program as a participating partner.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 30,000 homes served annually through Tech Solutions services
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor and core.

• ANZminorGTM or Marketing Partner · 30 April 2026Noel Leeming is a participating partner in ANZ Loop, a card-linked cashback program launched by ANZ New Zealand in partnership with Visa. The program allows ANZ customers to earn automatic cashback on eligible purchases from Noel Leeming. Deals include specific offers such as cashback on spending over $500.
• The Warehouse GroupcoreStrategic or Co-development PartnerNoel Leeming is a subsidiary/brand within The Warehouse Group (TWG), New Zealand's largest listed retailer. The group also includes The Warehouse and Warehouse Stationery. Noel Leeming is marketed as part of the 'family of Kiwi brands' alongside sister companies.
• AfterpayminorGTM or Marketing PartnerAfterpay is available as a payment option both online and in-store at Noel Leeming, allowing customers to pay in 4 interest-free installments over 6 weeks.
• ZipminorGTM or Marketing PartnerZip pay-later service is offered at Noel Leeming both online and in-store, enabling customers to buy now and pay later with interest-free installments.
• Mobile Network Partners (One NZ, 2degrees, Spark)minorChannel Partner/ Reseller/ DistributorNoel Leeming offers mobile phones bundled with SIM cards from New Zealand mobile providers including One NZ (formerly Vodafone), 2degrees, and Spark. Customers can purchase locked or unlocked phones with carrier plans.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Harvey Norman: Australia- and New Zealand-based multi-brand consumer electronics, appliances and furniture retailer with a franchised store network and integrated online channel. Operates in the same product categories (computing, mobile, home entertainment, appliances) and same geography as Noel Leeming.
• JB Hi-Fi: Australian-listed specialist consumer electronics, home appliances and home entertainment retailer with operations in New Zealand. Highly comparable merchandise mix (computing, gaming, audio, TVs) and similar big-box, low-price positioning targeting the same consumer segments.
• PB Tech: New Zealand-owned specialist IT, electronics and gaming retailer operating both physical superstores and a strong online channel. Direct overlap with Noel Leeming on computers, components, gaming and accessories, and one of its most aggressive price competitors in NZ.

Others

• The Warehouse: Sister brand within The Warehouse Group and NZ's largest general merchandise discount retailer. Not a direct competitor on core electronics but a key channel for cross-brand customer acquisition, loyalty and category extension relevant to Noel Leeming's omnichannel strategy.
• Apple Store: Manufacturer-direct retail and online channel for Apple products. A structural threat to Noel Leeming because Apple is one of its highest-traffic categories; represents the disintermediation risk from brands opening their own retail.
• Samsung Experience Store: Samsung's own retail and brand-store presence (including in NZ) for mobiles, TVs and home appliances. Adjacent competitor that bypasses third-party retailers like Noel Leeming and could compress both volume and margin on Samsung-sourced categories.

Broad incumbents

• Best Buy: Largest US specialty consumer electronics and appliances retailer with omnichannel stores, in-home Geek Squad services and broad assortment. Useful international analog for Noel Leeming's combined big-box retail plus Tech Solutions-style services model.
• Currys: UK and Ireland's largest specialist consumer electronics and appliances retailer with stores, online sales and an in-home services arm (Team Knowhow). Closest international analog to Noel Leeming's electronics-plus-appliances-plus-installation positioning.
• MediaMarkt: Europe's leading consumer electronics specialist retailer with big-box stores, online sales and services around delivery, installation and repairs. Comparable to Noel Leeming on big-box format, breadth of assortment and emphasis on expert in-store advice.

Regional players

• Elkjøp: Nordic region's largest consumer electronics retailer (Norway, Sweden, Denmark, Finland) with stores and e-commerce. Regional analog to Noel Leeming — multi-brand electronics and appliances specialist serving a small, defined population similar in scale to NZ.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/NoelLeemingOnline
• LinkedInlinkedin.com/company/noel-leeming-group
• Instagraminstagram.com/noel.leeming
• Xx.com/NoelLeemingNZ

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Noel Leeming