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Financial

It’s all over for Debenhams as liquidators appointed
FILE PHOTO: A Debenhams store is pictured, following the outbreak of the coronavirus disease (COVID-19) in Harrogate, Britain August 11, 2020. REUTERS/Lee Smith

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...
Shock but not surprise: Topshop-owner’s collapse was ‘a long time coming’
Black Friday, Singles Day drive strong sales in November: RetailNZ
Opinion: Is retail through the worst of the pandemic pain?
RipCurl balances out struggling Kathmandu in first quarter

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...
Crossborder shopping

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.
Supermarket shopper

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 Harbour Bridge

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...
My Ride

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.
Downtown Christchurch

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

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...