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Financial

Financial Archives

Black Friday, Singles Day drive strong sales in November: RetailNZ

Spending in November rose by 25.7 per cent according to RetailNZ.
Image of cartoons

Opinion: Is retail through the worst of the pandemic pain?

The Reserve Bank of Australia has predicted a positive September quarter and declared the end of the Covid-19 recession....

RipCurl balances out struggling Kathmandu in first quarter

Outdoor fashion group Kathmandu has seen group sales for the first quarter of FY21 72 per cent above last year, benefiti...

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...
Tiffany-Co-products

LVMH’s Tiffany takeover back on – at a slight discount

LVMH and Tiffany & Co have agreed to new terms and a slightly reduced price for the French luxury group's takeover of th...

Opinion: So you want to sell your business?

You might think an investor is keen to buy into your business, but here's what you need to know to make it happen.