Latest from Retail

Smith & Caughey’s closing: family company formed 124 years ago owns both store properties

Two Auckland stores are valued at $53.5 million but what happens to buildings is unknown.

‘Deeply emotional’: Smith & Caughey’s set to close with loss of almost 250 jobs

144 year-old 'Grande Dame' of Queen St faces a 'perfect storm' of economic challenges.

The Warehouse removes product with unusual photo from its website

The retailer says it is 'not sure' what the plants shown on its listing are.

Opposition to Burger Fuel's $4m payout extinguished

Burger Fuel raised millions for a US deal that didn't go ahead.

'Surcharge swindle': Are you getting ripped off when you tap-and-go?

The good news is that two possible fixes are in the works.

Dead cat bounce: Retail spending lifts but for how long?

Latest data shows a rebound but economists don't expect it to last.

What’s being built in Auckland, where, why: City Rail Link sparks new projects

Lifting the lid on big ambitious Auckland building projects.

Biggest US retailers cut prices as inflation hits shoppers

Financial Times: Analysts see two big retailers setting new tone after years of increases.

$2b landlord Argosy Property earns more rent, reduces losses, pays more interest

Softer leasing environment noted in interim result continued during year's second half.

City Jungle and a city slicker's florist

'At times it’s overwhelming' - Amanda Browne runs two stores at the same time.

Build it and they will come: The rich-lister with a dream

A Parnell landlord wants visitors to eat, drink and be merry at his new open-air venue.

‘Blowout’ US retail sales shake bond and currency markets

Financial Times: Dollar gains, and latest sign of hot economy cools hopes of rate cuts.

'Unprecedented' - Ikea reveals huge $407m spend in New Zealand

The investment is 'significant and indicates the long-term commitment to New Zealand'.

Grocery commissioner on his fight to increase supermarket competition

Grocery dysfunction: Watchdog Pierre van Heerden admits he, too, stockpiles cheese.

Why Alibaba will struggle to knock Temu off e-commerce top spot

Financial Times: Alibaba had been the uncontested leader for almost a decade.

Outlook grim for creditors owed $6.8m from popular cafe chain Wishbone

Wishbone had 17 stores in Wellington, Auckland, Christchurch, and Dunedin.

West Coast butter exports soar: Spreading the Westgold word in the US

Costco and Walmart lap up Westgold butter, what's next for this NZ brand?

OCR decision: No change but inflation under control by end of the year

A quagmire of challenges meant many pundits picked the cash rate to stay put.