Christopher Niesche: Senate inquiry into Dick Smith failure
The already poor reputation of private equity has taken another battering, writes Christopher Niesche.
The already poor reputation of private equity has taken another battering, writes Christopher Niesche.
Hallenstein Glasson shares slumped after the clothing retailer warned its first-half profit had fallen around 20 per cent.
Hallenstein Glasson Holdings shares dropped after the clothing retailer said first-half profit fell about 20pc.
Dick Smith may have underpaid Australian staff by A$2 million for annual leave entitlements dating back to 2010, according to the firm's receivers.
Briscoe Group, whose hostile takeover of Kathmandu Holdings was spurned in 2015, expects to report a record full-year profit of $46.5 million.
We get pushed more than we bargain for all the time, but we still have rights!
Kiwi shoppers are well on the way to adopting consumer behaviors akin to those sweeping Europe and North America.
Kiwis are buying more than just toys and cards at the malls - sales of movie tickets, travel and telecommunications are soaring.
Auckland's inner city shoppers are being targeted by the Warehouse in a new, smaller-sized store.
Kylo Ren light sabres and BB-8 droids helped sales of Star Wars toys reach $1 billion in the US.
Momentum for still lower official interest rates is growing following the release of data showing New Zealand inflation was at its lowest point in 16 years.
New Zealand consumer price inflation fell by 0.5 per cent over the December quarter and rose by 0.1 per cent in the calendar year, Statistics New Zealand said.
If you're staying at a hotel and realise you didn't quite pack right for your trip, apparel retailer Gap wants to come to your rescue.
Mark Powell will hand over The Warehouse Group to successor Nick Grayston this month after a strong Christmas period and strong lift in its forecast net profit.
New Zealand's oldest store trading under its original name shut up shop yesterday afternoon to make way for a David Jones store.
The administrators of failed electronic goods retailer Dick Smith said it was too early provide a view on why the electronics goods retailer collapsed.
First Retail Group director Chris Wilkinson said strong property prices encouraged a culture of "nesting" in consumers.
New Zealanders spent a record $6b shopping in December, the highest ever monthly figure recorded by Statistics New Zealand.
Nick Abboud steps down a week after the troubled electronics retailer collapsed.
Warehouse Group is forecasting a 15 percent to 21 percent lift in first-half net profit.
Warning to shoppers to think carefully about purchasing products in a major online sale launched by the embattled electronics seller today.
The receivers of Dick Smith have told employees it may take six-to-eight weeks to determine if the consumer electronics chain can be sold.
Listed jeweller Michael Hill's sales surge in the first half of the financial year helped by a strong performance in Australia.
The administrators appointed to embattled electronics retailer Dick Smith will host a creditors meeting.
Harvey Norman offers to give little girl who got burned by Dick Smith's receivership a laptop.
Readers offer to help girl who saved for a year to buy herself a laptop, only to have her hopes dashed by the collapse of the retailing giant.
Banks stand to benefit from appointing receivers at the retailer's "high cash point" for the year.
Receivership likely to signal the end of one of Australasia's best-known high street brands.
Receivers to embattled electronics retailer say gift vouchers could not be honoured and deposits would not be refunded due to financial circumstances.
Troubled electronics retailer places shares in trading halt ahead of expected announcement about its debt financing.