Latest from Retail

Tomatoes, potatoes push May food prices down
Food prices fell in May, snapping two months of gains, as cheaper tomatoes and potatoes brought down the price of fresh produce.

Card spending slips in May, first fall in 13 months
New Zealanders cut their retail spending on credit and debit cards for the first time in 13 months in May.

Chinese embrace grey market of personal shoppers
I recently learned of a personal shopping phenomenon hugely popular in China which, according to the Sydney Morning Herald, is "leading Australia's retail drive".

Dodgy receipt costs company $21k
Australian clothing retailer Sportscraft has been left red-faced and fined by the consumer watchdog over a mistake on this receipt.

Nike battles with US Olympic track hopeful
Nikesays it will suffer "irreparable harm" if a promising middle-distance runner refuses to compete while wearing its iconic swoosh.

New mall owner eyes major changes
Australian retail, a gourmet grocer, another retail floor, big seismic upgrade and apartments are possible for Takapuna's Shore City.

Get Sorted: Greetings from the gig economy
COMMENT: How to survive today's changing working conditions and not derail plans for the long term.

Britain's BHS to shut up shop
British high street store BHS is to close down after 88 years in business with the loss of up to 11,000 jobs.

NZ Merino inks 5-year, $45M contract with Italy's Reda
NZ Merino has signed a five-year, $45 million deal to supply fine wool to Italian luxury fabric manufacturer Successori Reda.

David Jones opening date revealed
David Jones will open its Wellington store on July 28 on the site where the legendary Kirks once operated.

Get Sorted: Sex and money talks
COMMENT: Not talking about money with your kids is like not talking about sex. Avoiding it is not a great option.

Warm autumn heats up bargains
An unseasonably warm autumn has left a surplus of winter goods and produce sitting on the shelves despite prices being slashed to as much as 50 per cent off.

Pokies king's retirement plans take a hit
COMMENT: Len Ainsworth started making poker machines more than 60 years ago to subsidise his dental equipment business.

Last days of a downtown mall
Prices have been slashed at Auckland's only downtown shopping mall as retailers try to get rid of their stock this week before the centre closes after 41 years.

Suit retailer shuts two stores
New Zealand shirt and suit chain Nicholas Jermyn is in the hands of voluntary administrators, who have already shut two stores.

BMW sold with wound-back odometer
"Serious systematic failures" in used-car market, says regulator.

The unlikely revival of Myer's
COMMENT: Shutting down stores and ditching in-house brands might not sound like a recipe for success for a retailer, but it's paying off for Myer.

Retail sales growth slows
First quarter sales volumes rose at the slowest pace for three quarters.

Macy's woes could doom a third of America's malls
Sales are dropping at Macy's stores nationwide, which likely means rough times ahead for other retailers.

Warehouse lifts third-quarter sales 5.5pc
The country's largest listed retailer says it is on track to meet its forecast annual profit.

April card spending up on hospitality
Spending on credit and debit cards rose in April, driven by an increase for accommodation, hotels, restaurants and takeaway food.

Revamped Dick Smith promises improved range
The executive director of the new website said New Zealanders can expect an improved range of products.

Dick Smith back from the dead
Dick Smith site relaunched with a sale to celebrate, but deals are limited on New Zealand site.

Dick Smith's super sad leftovers
You know Dick Smith is desperate to get rid of absolutely everything when it describes a cardboard cutout of Redfoo as a "priceless collector's item".

Queen St little guys pushed out
Where have all the souvenir and convenience stores gone? Big stores are pushing them out of Queen Street.

Entrepreneur takes fashion app to China
Fashion app entrepreneur Jessica Wilson always had high aspirations for her business but the speed of her expansion into China has taken her by surprise.