Latest from Retail NZ

GrabOne owes creditors $16.5m, including voucher holders

Customers, businesses, staff and Inland Revenue are among those left out of pocket.

New CEO faces early test as Michael Hill's home market slips further

The jeweller's new CEO Jonathan Waecker led his first shareholder meeting.

Kiwis tightening wallets as cost pressures hit holiday spending plans

Many shoppers aim to finish gift buying by November to spread costs.

Macpac profit tumbles 70% as tougher market hits outdoor retailer

Retailer's net profit fell 70% to $3m as it was hit by rising costs and weaker demand.

‘We’ve had to be adaptable’: Hospitality sector faces tough year of change

Tipping plunged about 40%, a sign of cost-of-living pressures.

'Households aren’t rushing to the checkout yet': Retail spending dips 0.5% in September as growth streak ends

Hospitality was the only sector to see growth, rising 1.5% in September.

Malabar Gold & Diamonds opens first NZ store, plans $75m expansion

The $75m expansion will add outlets in Wellington, Hamilton and Christchurch.

How low the OCR will go: Experts on rates, economy and what to know about your mortgage

The Reserve Bank today delivered a 50 basis point cut to the Official Cash Rate.

Hallenstein Glasson lifts profit 14% to $39.5m as Glassons Australia surges

Glassons Australia continues to be the standout performer, with profit growing 15.3%.

Council probes alleged DFS alcohol sale breach over $4.40 wine

Auckland Council says discounts above 25% advertised off-site breach the law.

Business groups push back on Govt plan to ban payment surcharges

The signatories include chambers of commerce, industry and business associations.

'Idiotic': Union blasts Holidays Act changes, business advocates praise clarity

Part-time workers will no longer get the minimum sick leave entitlement.

Economists weigh the Government's handling of recession pain

Construction activity has plunged 18% since June 2023.

Kmart recalls portable blenders over serious injury risk

The ANKO blenders may turn on automatically when immersed in water.

BNZ under fire for ‘demeaning’ digital wallet ad

Retail groups say BNZ’s Payap ad mocks shopkeepers as ‘grubby, unintelligent’.

Outlook grim for Kitchen Things creditors owed $16.6m, company on brink of liquidation

More than 390 creditors are wanting money from Kitchen Things and its related entities.