Latest from Retail

Warehouse moves into world of finance
The Warehouse says it's setting up its own financial services operation with the aim of becoming a leader in the NZ field.

Countdown puts Lotto in checkouts
The queue to buy Lotto tickets at a separate supermarket counter after the weekend shopping could disappear as Countdown introduces checkout ticket sales.

Venture fund targets the kickstarter generation
A government-backed venture investment fund is looking to partner with angel investment groups and the public in crowd funding deals for local start-ups.

Dita De Boni: State owned supermarket idea has critics seeing red
After throwing the idea of government-owned supermarkets into the ring, I have been exhorted to visit North Korea (preferably permanently), writes Dita De Boni.

BurgerFuel targets America
New Zealand fast-food operator BurgerFuel faces a major challenge as it takes "coals to Newcastle" by expanding into the US.

Bernard Hickey: Shoppers back ugly tactics
The allegations aired under parliamentary privilege by Shane Jones about the "Countdown Shakedown" are ugly in many ways, but not the obvious.

Last Farmers quits Queen St
Farmers has stood proud in Auckland's central city for nearly a century - but the iconic store is about to close its doors for the last time in the CBD.

Jones: Suppliers fearful of retaliation
NZ suppliers are fearful of speaking to the Commerce Commission about anti-competitive behaviour in case they are blacklisted across the Tasman, claims MP Shane Jones.

Countdown suppliers file complaints
The Commerce Commission has received several complaints from suppliers about their dealings with Countdown.

Herald on Sunday Editorial: Suppliers deserve an inquiry
Countdown supermarkets' Australian owners no doubt think their treatment of suppliers here came under attack this week.

Anonymity will be granted
Whistleblowers who come forward with information about alleged unfair business practices by supermarket giant Countdown can do so under cover of anonymity.

Nando's owner close to NZ sale
The company that ran Nando's in NZ had defaulted on royalty payments and owed $1.6m to its bank when it went into receivership, according to the first receivers' report.

Progressive: Big liquor payment OK
Countdown owner Progressive Enterprises has confirmed it received up to $2m from a liquor company - but denies it's a payment Labour's Shane Jones was talking about.

Consumers lose in 'shakedown'
Consumers would be the ultimate losers if supermarkets were extracting retrospective payments from their suppliers, Commerce Minister Craig Foss said this afternoon.

Fran O'Sullivan: Blacklist is just not cricket, Ralph
Since Key's return, the PM's department has reached out to various New Zealand businesses to ask them for their views, writes Fran O'Sullivan.

Food, fashion and foot traffic
Dressed in expensive suits and designer frocks, they make a beeline for Britomart bars like Tyler Street Garage and 1885.

Online shopping GST now less likely
The chances of GST being applied to all overseas web-based retail purchases appear more distant after the Govt changed tack on a review into tax of online shopping.

Shopping trolleys tracked
Customers are being tracked by bugging devices fixed to their shopping trolleys and baskets as they shop in an Auckland supermarket.

Warehouse sees recovery after dip
The Warehouse Group has flagged a drop in interim profit after strong Christmas trading failed to offset a decline in first quarter margins.

Warehouse issues profit warning
Budget retailer the Warehouse is warning its first-half profit will fall by as much as 13 percent after strong Christmas sales failed to compensate for a margin squeeze in the first quarter.

Energy Mad surges on Amazon deal
Shares in lightbulb maker Energy Mad surged after it announced it had begun selling its energy-efficient products online in the United States through internet retail giant Amazon.