Economist: Sales boom won't last
Retailers might be enjoying a post-Christmas spending bonanza, but an economist warns the sales boom can't last.
Retailers might be enjoying a post-Christmas spending bonanza, but an economist warns the sales boom can't last.
Shoppers took to the Boxing Day sales with gritted teeth yesterday, battling full carparks, queues and crowds to snap up bargains.
While most New Zealanders spent Christmas afternoon napping off their lunch or playing with their new toys, others listed their unwanted gifts on Trade Me.
Veritas Investments chairman Mark Darrow says many opportunities exist for expanding the Mad Butcher retail chain.
Two personal finance companies - one of which charges over 500 per cent interest a year if loans are not paid back in two weeks - are in a High Court stoush over a super hero logo.
A battle between Sanitarium and a Christchurch man who imported 2000 jars of UK Marmite into New Zealand will head to the High Court early next year.
ANZ New Zealand - the country's biggest bank - has sold its eftpos terminal leasing unit, EFTPOS New Zealand, for an undisclosed sum.
Kiwis are flocking to the shops to stock up for Christmas, with eftpos spending up on last year. Westfield spokeswoman Deb McGhie said it appeared shopping centres were busier this year than last - though they wouldn't know for sure until next year
The Warehouse's $65 million acquisition of appliance chain Noel Leeming Group has failed to impress one brokerage...
The Warehouse Group has announced that it has bought the Noel Leeming chain of 92 electronics and appliances stores for $65m.
Retailers are in a Christmas sale free-for-all with only 15 days left to the 25th.
Kiwi shoppers are being enticed into the famed New York department stores of Macy's, Bloomingdale's, and Saks Fifth Avenue to do their Christmas shopping.
Warehouse Group has reiterated its forecast for this year's earnings to beat those in 2012, and sees signs of growth in consumer spending.
More than half of New Zealanders are intending to opt for convenience and do some of their Christmas shopping online this year, according to survey results.
New Zealand's total credit card spending has taken its first annual drop in three years.