Warehouse Group sells Torpedo7 for $1 after paying $52m for it
A consortium including former NZ Breakers basketball team owners is to take over.
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Latest fromRetail Trade
Biggest NZ mall owner pushes up revenue, shopper numbers
Australasian shopper visits rose 6.7 per cent in 2023.
Who is buying Hotel DeBrett for $21m?
Redevelopment opportunities exist at the heritage building.
Fletcher shares plunge amid $120m loss: Why CEO and chairman are going
'We both realise the buck stops with us. It’s in the best interests for us to hand over.'
Boutique Farro Fresh store opening on North Shore
Farro CEO cites first greenfield development of a new store.
Paku co-founder on introducing future generations to Matauranga Māori
Co-founder James Prier says the team launched their second product last year.
January consumer spending up, hospitality spending drops
Data from Worldline shows a slight lift in consumer spending in January.
Briscoe Group reports record full-year sales but expects dip in net profit
The Kiwi retailer has delivered strong results despite an industry downturn.
No bullying, harassment of KFC worker, ERA rules
Two Lino family members took action against Restaurant Brands. Both lost, the ERA ruled.
Fire alarm-activating thieves hit Auckland Mitre 10, take full trolley of gear
"It should be a really easy arrest": Registration, photos were supplied to the police.
Supie partially snapped up by another Kiwi business
'The purchase price we paid wasn’t significant.'
Creative instinct: Retailer proud to shine a light on Māori designs
'This is the highlight of this business.'
Harvey Norman revenue falls in spending downturn
Consumers are being more cautious about investing in their homes, the company says.
December spending on a “sharper decline than expected”
Electronic card spending fell at the end of last year which might be bad news for retail.
'We trusted you': Salon manager put client payments into her own account
Lisa Hermes thought she was entitled to the $2808 after incurring expenses.
Lisa King on expanding AF to the US market
AF and Eat My Lunch founder Lisa King says her biggest success is leaving corporate.
Shopping warranty service Boxer goes bust owing $36m
Kiwi e-commerce business Boxer owes $36m after going into liquidation.
Manawa Udy on sustaining Māori business through political noise
Ngahere Communities' online store Konei opened its first retail store this month.
Jaimee Lupton on running TikTok’s most popular haircare brand
The Monday Haircare co-founder says this year has brought successes as well as challenges.
Vaping, swimming pools, live gigs: 2023 sets consumer spending records
Data from ANZ and Worldline showed spending was subdued in December but still set records.
On edge and hoping for a ‘normal year’: Top five retail priorities for 2024
Industry players say 2024 will be a test for businesses and consumers.
Gracie MacKinlay on Mighty Ape’s record-breaking 2023 sales
MacKinlay says the retailers face a challenging 2024 despite record-breaking sales.
Bed, Bath and Beyond NZ profits defy downturn, climb 7.5pc
The homeware retailer had a rise in revenue and profits in its latest full-year report.
Pic’s Peanut Butter chief says new Government has a ‘tough road’ ahead
Aimee McCammon studied at Harvard Business School this year and hasn't lost momentum.
Whanganui records highest increase in pre-Christmas spending
Local experts said residents choosing to shop local was a reason for the increase.
From dairy worker to retail boss - Carolyn Young on her priorities as head of Retail NZ
The sector is facing tough economic conditions and crime.
Boxing Day spending flat, ‘disappointing’ result for retailers
Boxing Day spending was flat on last year but pre-Christmas spending pulled through.
Christmas Wonderland Store owner on filling the gap left by Kirkcaldie & Stains’ closure
The business started with an aim to bring the 'indulgence' of European Christmas to NZ.
Ka-ching: NZ's peak shopping period revealed for 2023
The Friday before Christmas took out the title of the busiest shopping day of the year.
Lift in Kiwis' pre-Christmas spending rings up $2.65b for month
Worldline data showed Kiwis' spending is up on last year in the countdown to Christmas.
ELE collapse: 750 Filipinos fired from sites
'Workers’ ability to stay here is now under threat, many will find it hard': Mikee Santos.
Consumer confidence increases, but 'willingness to spend' remains low
A new ANZ survey is pointing to improving sentiment among consumers.
Retailers gear up for last-minute Christmas rush
But consumers remain under pressure from the higher cost of living.
'Shocked and horrified': Kmart apologises to Christmas shopper wrongly accused of theft
An Auckland woman says she had 'the worst shopping experience' of her life.