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Retail news
Honoured: My Food Bag’s Nadia Lim and Carlos Bagrie
“It’s not an award for us, it’s an award for the industry.”
Liam Dann: Why a 265-year-old beer brand is suddenly cool with Gen Z
Back in black: Guinness sales boomed in 2024 and Liam Dann went along for the ride.
Flatpacked and ready: Ikea warehouse opened today
Goods to be shipped from China and Malaysia mainly, but also other parts of the world.
Tourism and hospitality get research funding as Holidays Act resets
The Government has committed funding to the sector in an effort to support future plans.
Electronic card data: Spending steady even as holiday sales start
New data from Stats NZ shows spending in retail steady during November.
Shoppers get their wallets out in the first week of December
Spending grew in the first seven days of December, more than the week of Black Friday.
Small businesses share predictions for Christmas spending
Holiday park's reservations might be a sign of slightly sunnier outlook.
'I bleed orange but this is awful': Mitre 10 selling properties to repay debt
'Sale of several non-strategic property assets [to] re-cycle capital, reduce debt.'
Consumer advocates caution Kiwis over Black Friday sales
How to check whether you are getting a bargain.
Big blue wants people: 400 Ikea staff needed next year
'We need a big team due to the way we will run operations in New Zealand'.
Kmart NZ reveals bumper profit
Kmart grew its net profit by over 50% year-on-year despite a tough retail environment.
JB Hi-Fi reports $6.8m loss for year
Its cost of doing business rose 23.4% after opening five new stores in NZ.
'A world of hurt': Retail sales remain flat as Black Friday looms
Stats NZ has revealed its latest Retail Trade Survey for the September quarter.
Kiwi bioplastic company reveals sustainable breakthrough
The bioplastic has a plethora of use cases including plant pots and construction.
Grocery expansion contentious for Warehouse Group shareholders
Shareholders have expressed concerns over the group's performance, and they want grocery.
'Burning cash' - insider on Mitre 10's 'horrific' software system upgrade
Auditors PwC: Cited disruptions to operations from that IT upgrade.
'Burning cash' - insider on Mitre 10's 'horrific' software system upgrade
Auditors PwC: Cited disruptions to operations from that IT upgrade.
Lex: Walmart’s cheap goods justify its expensive stock
Financial Times: There are merchants, and then there is Walmart.
Shareholders criticise KMD Brands’ leadership as sales dip
Discontent as KMD's sales for Q1 FY25 were down compared with last year.