Latest from Retail Trade

Briscoes in Kathmandu takeover

If successful the takeover would give Briscoe Group access to the Australian market, where Kathmandu already has 100 stores.

NZ safe as 1200 Woolworths jobs axed

Chief executive of Woolworths Australia announces he is stepping down, as are 1200 unwitting staff members.

GDP slowdown tipped

Economists expect the pace of economic growth to have slowed when the March quarter national accounts are released on Thursday.

Cooks Global Foods narrows loss

Cooks Global Foods, which is taking the Esquires coffee chain outside New Zealand and Australia, narrowed its annual loss while expanding its global footprint.

City Whitcoulls bows out

Doomsayers claim it is the end of the chapter for bookstores, but Paul Little finds the business of selling books is more of a Neverending Story.

Pumpkin Patch boss to leave

Pumpkin Patch chief executive Di Humphries will leave the ailing children's clothing chain in early November.

Time to move on for Real Groovy

Plans are in place to demolish the building that houses New Zealand's best-known record store - but it does not spell the end for the iconic enterprise.

Paying by plastic on rise

Kiwis spent more on their electronic cards in May, as increased retailing of consumables offset a flat month.

Primary sector leads trade contraction

New Zealand's wholesale trade shrank in the first three months of the year with a decline in goods derived from the primary sector leading the contraction.

Moa cuts annual loss by 5pc

Moa reported a net loss of $5.58m in the year ended March 31, compared to $5.82m last year.

Need a job? Call Domino's

Domino's is planning to hire 3,000 new delivery staff across Australia and New Zealand as it rolls out new technology.

Retailers Assn unhappy with Budget

Retailers will be disappointed the Government isn't taxing purchases on overseas websites, Retail NZ says.

Kiwi Property lifts earnings to $80m

Kiwi Property Group's annual earnings increased 4.5 per cent as it seeks to raise $151.9 million to expand Sylvia Park.

Retail sales boom

Retail sales boomed in the first three months of the year, in what may be an early sign of the "wealth effect" with rising house prices boosting confidence.

Parents spend up on electronics

Our retail sector was booming at the start of the year, with a record 2.7pc jump in sales volumes.

Australian media tycoon lunged at burger exec with broken wine glass

An alcohol-fueled three-hour long lunch came to a dramatic end when an Australian media tycoon took a swing at the owner of burger chain Hungry Jack's.

More banks back OCR drop

An official cash rate of 3.5 per cent, which would have been base camp in previous cycles, is now being seen as the highest it will climb this time.

Chris Quin named Foodstuffs North Island CEO

Outgoing Spark executive Chris Quin has been named as the new Foodstuffs North Island CEO.