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Financial

MySale’s first half exceeds expectations

MySale’s first half exceeds expectations

Online marketplace group MySale has said trading momentum exceeded expectations during 1H21, and that it is making good progress on its “ANZ first” business simplification strategy. The group’s earnings for...
Christmas, Boxing Day boost card spending in December: StatsNZ
JB Hi-Fi half-year profit up 86 per cent despite temporary store closures
International: Circle K parent drops bid to buy Carrefour, but companies will partner
Google closes Fitbit deal as US, Australia probes continue

Financial Archives

Michael Hill expects earnings bump after “outstanding” first half

All markets delivered positive results during the all-important Christmas trading period, in spite of challenging tradin...

Staples makes US$2.1 billion bid for rival Office Depot

Nearly five years after the FTC scuttled a merger plan, US giants try again.

Premier expects first-half earnings to skyrocket 75 to 85 per cent

“The challenges posed by Covid-19 are the greatest set of risks I have ever seen in more than six decades in retail,” Le...

Dr Martens set for London IPO, valuing shoe brand at US$2.7 billion

Private-equity owner set to sell 25 per cent stake.

Retail without borders

When Australia’s doors slammed shut last March, it cost the retail industry a bundle. But internal border closures have ...

Warehouse Group expects profit to almost double during first half

However, this doesn't take into account the cost of repaying the Covid-19 wage subsidy.

Ready, set, IPO: Why retailers are going public in 2021

After delaying public floats last year due to market volatility, these major retailers are revisiting their IPO plans.

Nick Scali’s profit to double in the first half

Profit result is due to a strong Black November campaign and store reopenings.

Boxing Day sales fell short of last year: Paymark

Boxing Day sales ended up 2.2 per cent short of last year’s figures, according to Paymark.

British retailer Next, US investor plan joint bid for Arcadia

Two companies “likely, but not certain” to bid for collapsed Arcadia.

H&M sales dampened by second Covid-19 wave

H&M saw local-currency sales fall 10 per cent in its fourth quarter.

What Style Capital’s investment means for Zimmermann

With new funding from an Italian private equity firm, the luxury fashion label is gearing up for global expansion

Michael Hill defies luxury low in the lead up to Christmas

Online sales more than doubled during the last 22 weeks, Michael Hill said.

Kogan buys up Mighty Ape in trans-Tasman growth play

Mighty Ape will fuel new categories for Kogan, and deliver a strong foothold in New Zealand.

It’s all over for Debenhams as liquidators appointed

British department store retailer Debenhams is to be liquidated after failing to find a buyer, administrators FRP Adviso...