Warehouse Group sells Torpedo7 for $1 after paying $52m for it
A consortium including former NZ Breakers basketball team owners is to take over.
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Latest from Retail
Woolworths Group CEO steps down after interview storm-out
The supermarket giant also announced its half-year results.
Biggest NZ mall owner pushes up revenue, shopper numbers
Australasian shopper visits rose 6.7 per cent in 2023.
Who is buying Hotel DeBrett for $21m?
Redevelopment opportunities exist at the heritage building.
Kathmandu’s shares plunge on sour sales shock
Sales for the outdoor clothing brand are down 21 per cent.
Downbeat data points to easing inflation, less pressure on RBNZ to hike rates
Subdued consumer prices, card spending and housing data will give RBNZ pause for thought.
Fletcher shares plunge amid $120m loss: Why CEO and chairman are going
'We both realise the buck stops with us. It’s in the best interests for us to hand over.'
‘Exciting times’ - Second Costco supermarket tipped for Auckland suburb
Rolleston was thought to be site of a second store. Now, that's changed. Bosses are mum.
Boutique Farro Fresh store opening on North Shore
Farro CEO cites first greenfield development of a new store.
Bracing for bad news: The stocks to watch this reporting season
Analysts warn this may be the third-worst earnings season ever.
No sign of a spending slowdown in Australia, even at the luxury end
OPINION: Retailer share prices have hit a 12-month high despite higher interest rates.
'Immensely challenging' - Mitre 10 head office bosses on problems paying suppliers
'Interfacing between new and legacy systems while we transition to our new platform.' CEO
Grocery Commissioner launches new ‘whistleblower’ tool
Device hopes to remove 'risk of retaliation' for supermarket suppliers.
$150m in build-to-rent units for Auckland suburb
Sixth site for business specialising in building apartments to be rented in perpetuity.
Why Godfreys went into voluntary administration; rival offers staff a lifeline
Five stores in New Zealand have been closed as a buyer is sought for the business.
January consumer spending up, hospitality spending drops
Data from Worldline shows a slight lift in consumer spending in January.
Briscoe Group reports record full-year sales but expects dip in net profit
The Kiwi retailer has delivered strong results despite an industry downturn.
'Deeply saddened': 90-year-old retailer Godfreys enters voluntary administration
The move will result in some store closures and redundancies in the coming weeks.
Woolworths slashes 70 per cent from its NZ supermarkets’ value
The writedown follows claims New Zealand supermarkets are uncompetitive.
No bullying, harassment of KFC worker, ERA rules
Two Lino family members took action against Restaurant Brands. Both lost, the ERA ruled.
Fire alarm-activating thieves hit Auckland Mitre 10, take full trolley of gear
"It should be a really easy arrest": Registration, photos were supplied to the police.
Supie partially snapped up by another Kiwi business
'The purchase price we paid wasn’t significant.'
Praise be! Pentecostal church buys Penrose base from Baptists
A 1.3ha Penrose property beside a high school has changed hands: what next for the site?
Commerce Commission to investigate supermarket duopoly: Woolworths, Foodstuffs
The probe comes after Consumer NZ lodged a complaint with the commission in August.
From Matakana to Knightsbridge: How a Kiwi firm got luxury pillows into Harrods
Hyoumankind founder says Britain is a perfect market for travel pillow she developed.
Harvey Norman revenue falls in spending downturn
Consumers are being more cautious about investing in their homes, the company says.
December spending on a “sharper decline than expected”
Electronic card spending fell at the end of last year which might be bad news for retail.
Ikea’s first NZ store: Watch drone footage
About 500 piles have now been driven 40-50m deep across the site, an executive says.
Scotties Boutique: What is it, who owns it and why does a dress cost $6995?
Green MP Golriz Ghahraman has been accused of shoplifting from an Auckland institution.
Business confidence on the rise amid concerns over sluggish economy
Businesses are now more worried about securing sales than finding the right staff.
Property Insider: $33m Auckland block bought pre-election for scrapped light rail
'Irresponsible' said Simeon Brown of the rail business buying so close to the election.
Lisa King on expanding AF to the US market
AF and Eat My Lunch founder Lisa King says her biggest success is leaving corporate.
Shopping warranty service Boxer goes bust owing $36m
Kiwi e-commerce business Boxer owes $36m after going into liquidation.
Golriz Ghahraman allegations: PR expert rates Greens' response
A public relations expert says the Green Party have put themselves in a weakened position.