
Retailers holding back on some rises as GST hits
Retailers are walking a tightrope between driving away customers and bearing heavier GST costs from tomorrow.
Retailers are walking a tightrope between driving away customers and bearing heavier GST costs from tomorrow.
The country's two supermarket giants have taken different approaches to dealing with the rise in GST, which comes into effect tomorrow.
About 150 small businesses are failing following the Christchurch earthquake, many of them in the retail and hospitality sectors, the Canterbury Employers Chamber of Commerce says.
Most Kiwis will get more money in their pockets from Friday, when the Government's tax cuts take effect.
Postie Plus has posted a 6.5 per cent drop in earnings, and predicts retailing will struggle till Christmas but should improve in 2011.
Will businesses take advantage of Friday's rise in GST from 12.5pc to 15pc?
A decision on a plan to double the size of Auckland's St Lukes shopping centre has been deferred after angry reactions from local residents.
Bar and restaurant owners are being advised to put prices up next Friday to compensate for the GST increase coming into force.
I've always thought there's a bit of a correlation between good customer service and good advertising.
Tax cuts will help shield the blow from higher retail prices, says Phil O'Reilly.