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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 Advisory announced on Tuesday.
FRP will commence a wind-down of the business, which was foun...
Financial Archives
Harvey Norman profit explodes 160 per cent
New Zealand sales increased 20.4 per cent, excluding the impact of Auckland's lockdown.
New Zealand retail sales rise at record rate
New Zealand retail sales recorded the highest September quarter rise since 1995, indicating the recovery of the retail i...
How lockdowns have helped make the case for mixed-use development
To remain resilient despite a challenging economic climate, retail landlords look into the development of mixed-use reta...
Tax take from offshore e-commerce sites set to hit $100 million
New Zealand’s tough stance on collecting tax from offshore companies selling to locals online has brought in $95.2 milli...
Adidas fears decline as European lockdowns return
German sportswear firm Adidas expects sales to decline in the last three months of the year despite forecasting a return...
VF Corp adds Supreme to its stable in US$2.1 billion deal
VF Corp will pay US$2.1 billion to buy streetwear apparel company Supreme, adding another popular brand to the Vans shoe...
New Zealand’s retail card spending shows recovery
Retail card spending generated $6.2 billion in October, up 8.2 per cent year-on-year, according to Stats NZ.
McDonald’s launches new growth strategy; beats profit estimates
McDonald's Corp said on Monday it would test a loyalty program for customers and launch a new crispy chicken sandwich ne...
Are digital fitness apps the biggest opportunity in activewear?
Under Armour’s recent sale of its MyFitnessPal platform comes as other major players beef up their fitness offerings.
Countdown posts solid growth as e-commerce surges
Woolworths' Countdown business saw sales grow 6.9 per cent during the quarter to $1.8 billion, while online sales rose 5...
Rebel Sport, e-commerce drive solid growth for Briscoe Group
Retailer Briscoe Group achieved a 14.97 per cent increase in sales in the October quarter with sales through its Rebel S...
Former Steinhoff CEO fined millions for insider trading
Former Steinhoff International Holdings chief executive Marcus Jooste has been fined more the US$9.9 million after the S...
New Zealand’s oldest cycle retailer for sale
New Zealand’s oldest bicycle retailer, now known as My Ride, has been put up for sale in Dunedin.
Retail spending soars 20.7 per cent in October
Retail spending is soaring in New Zealand, but the head of Retail NZ advises caution in the lead-up to Christmas.
JB Hi-Fi grows into the first quarter, launches ‘on-demand’ delivery service
JB Hi-Fi continued its FY20 growth streak into FY21, with shuttered Melbourne stores having little impact on its 27.3 pe...
