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Retail news
Kmart and Bunnings' parent company posts profit growth
Wesfarmers leadership say they are confident the New Zealand segment will perform.
SkyCity group profit down 73%
Casino, entertainment and hotel giant explains how market treated it.
Retail spending off to slow start in 2025
Spending in the retail industries over January fell by 1.6%.
FTN Motion reveals new upgraded electric motorbike
The new electric motorbike can reach speeds of 80km/h and has an estimated range of 140km.
Kiwi summer spending lifts as cultural habits change
The data from Kiwibank shows Kiwis spent more on experiences than retail products.
JB Hi-Fi beats odds with big ticket retail growth
Despite other retailers struggling with big-ticket sales, JB Hi-Fi has performed well.
'Unacceptable': Chelsea Sugar fined almost $150k for selling 971 tonnes of lead-contaminated sugar
NZ Food Safety deputy director-general said that offending of this scale was rare.
Former SPQR owner declared bankrupt
The business owes more than $2 million to Inland Revenue, ANZ and other creditors.
Costco New Zealand boosts revenue to $361 million
After reporting a loss of over $20m last year, Costco has almost fully bounced back.
Low-carb beers on the rise as brewing now 0.9% of GDP
Over half of all breweries are now also involved in tourism as the sector keeps growing.
Big-ticket items a no-go as consumer confidence falls
More Kiwis now think it's a bad time to buy a major household item in bad news for retail.
Elon Musk-led car company opening soon in vast new retail hub
Vehicles about to arrive at the new Westgate premises.
Property Insider: Questions about ‘defective’ apartments
How can it be that 19-year-old apartments need $36.6m repairs or $82m rebuilding costs?
Kiwi period care brand AWWA acquired by North American giant
Somedays is the North American leader in natural period pain relief products.
Michael Hill sales down as NZ stores underperform
Canada and Australia performed well over the first half of the financial year, NZ did not.
Top NZ supermarket boss announces shock departure
Spencer Sonn has been in charge of Woolworths' NZ operations since 2021.
The Body Shop NZ placed into voluntary administration
It follows its parent company's placement into administration in late 2024.
Rise in holiday spending at end of 2024, electronic card data shows
New data from Stats NZ shows spending in retail performed strongly during December sales.
Premium Kumeu River chardonnays lauded as family rack up 80 years of winemaking
Kumeu River chardonnays hold their own against premier French wine, but at a better price.