Luxury retailer Saks has agreed to sell itself to Hudson's Bay Co, the Canadian parent of upscale retailer Lord & Taylor, for about US$2.4 billion.

Nosh Food Market co-founder and former chief executive Clinton Beuvink has left the specialty grocery group.

Infratil and the New Zealand Superannuation Fund stand to at least triple their money on Z Energy in next month's IPO.

Z Energy has set an indicative price range of between $3.25 and $3.75 a share for its initial public offering next month.

A union says it hopes other large retailers will follow The Warehouse's example and introduce pay increase plans for their shop-floor staff.

Emirates and Qantas will unveil further details of their partnership across the Tasman at the official launch of the arrangement in Auckland tomorrow.

Tightening up on the various tricks and techniques used by the wealthy and less ethical for tax avoidance may bring the Govt more money, writes Pat Pilcher.

Buffy Gill spent years analysing some of New Zealand's major retailers and property firms for the local branch of one of the world's biggest investment banks.

If GST was added to items bought on the internet, it wouldn't stop Esther Greatbanks from shopping online.

Fruit and vegetable prices have spearheaded a 2.1 per cent rise in food prices for June 2013, the biggest monthly gain since GST was lifted to 15 percent in October 2010.

Mastercard says credit card companies are "not set up" to collect tax on transactions and online shoppers could easily migrate to other payment platforms.

Customs Minister Maurice Williamson says it would be virtually impossible to charge GST on items being bought online, an idea currently being explored.

Good news for New Zealand retailers now the Government has committed to look at taxing purchases made on overseas websites.

Retail spending charged to electronic cards rose 1.1 per cent last month, seasonally adjusted, the largest monthly increase since August last year.

Michael Hill International has become the latest NZX-listed retailer to flag difficult trading conditions in Australia.

The Warehouse has expanded its online presence through its fifth acquisition in nine months.

A world without cash is a real prospect according to some commentators, and everyone from retailers to the homeless will have to adapt.

Attractive discount schemes out to counteract pain at the pump draw nearly 80 per cent of Kiwi motorists to particular service stations, a new survey reveals.

British American Tobacco Holdings New Zealand's profit was down almost 5 per cent in 2012.

New Zealanders spent more using debit and credit cards last month, with the biggest increases in fuel and hospitality.

Intimate lingerie, wedding dresses and adult toys are three of the most popular buys for Kiwi women shopping online, a new survey has revealed.

The only way to protect milk from light damage is to block out all light. The trade off, however, is the inability to see how much is left, writes Peter McClure.