Selwyn and David Cushing have lifted their stake in Kirkcaldie & Stains, the iconic Wellington department store owner, to 19.55 percent.

Discount retailer Warehouse Group said it plans to sell three stores and its Wiri distribution centre on a sale and leaseback basis for about $100 million.

Three cafes across New Zealand were swamped by customers participating in "Carrotmobs" promoting fair-trade businesses at the weekend.

Postie Plus wants to double in size through buying rivals and will progressively shift its base to Auckland.