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Financial

Financial Archives

Card spending surges in May

Apparel recorded the highest month-on-month increase in spending, surging $18 million.

Premier Retail sets record guidance as Covid strategies pay off

CEO Mark McInnes says Mother’s Day sales set a new record for the group, helping drive strong overall May sales.

Netflix and shop: Online store offers limited-edition merchandise

Merchandise in the online shop will be "carefully selected high-quality apparel and lifestyle products," the company sai...

Aussie online retailer Canningvale resurrects Robinsons Singapore online

Australian online retailer Canningvale has just acquired an iconic Singaporean department store. Here's why.

Why supermarkets are investing in payment platforms

Major supermarkets are investing heavily in payment platforms in a bid to deliver a seamless customer experience that ri...
Photo of Costco signage in store

Costco staffing up for NZ launch next year

Costco is putting the finishing touches on its Auckland-based warehouse ahead of its local launch next year.

“Flawed from the outset”: Behind the downfall of David Jones Food

David Jones’ parent suggests a move towards concessions model and longlife products to save ailing food business.

Countdown owner launches payments platform

Wpay will power payments inside and outside of Woolworths Group's businesses, and further extends the group into the ret...

Chinese discount store Miniso is growing by one new store a day

The retailer has also expanded into new global markets, including Iceland, Malta, New Caledonia, the Canary Islands.

Amazon, Facebook targeted by historic G7 deal

Hundreds of billions of dollars could flow into cash-strapped governments by a minimum global corporate tax rate.

Retail sales remain buoyant – but there’s a catch

Under-performing businesses include central city retail sites in the main centres where footfall traffic is still low as...

The rise of new beauty realities in China

Growing consumer interest in homegrown brands, male grooming and medical intervention is driving rapid growth in China’s...

Accent Group distribution rights grow with Next Athleisure, Glue buy up

CEO Daniel Agostinelli says Glue Store's store network will be growing under Accent's leadership.

Gap to launch home range with Walmart in the US

US fashion retailer Gap is set to enter the home furnishings category, releasing its first home essentials range in part...

Strandbags hit with seven counts of misleading sales practices: ComCom

The Commerce Commission alleges that between July 2018 and January 2020, Strandbags used misleading sales practices to s...