Auckland is the only big market left for Queenstown businesses, some of whom could be facing closure, the local Chamber of Commerce says. Social distancing restrictions on public transport have been ditched effectively immediately - meaning airlines can fill their planes to capacity as can buses just in time

Some central Auckland businesses are bewildered by the government's upbeat economic analysis.Treasury's latest measure of card spend and traffic volumes in the city suggests activity has rebounded to a strength last seen under alert level 1 - yet Anne Mazer is among downtown store owners

Business confidence has taken a hammering since the return of Covid-19 to New Zealand, according to a new report from Retail NZ.As customers keep their distance and border restrictions stifle supply chains, it warns 10,000 businesses could be on the brink.The patter of pedestrians and the

Retail NZ is warning about 10,000 businesses are at risk of failing in the next 12 months as Covid-19 has returned resulting in lockdowns.Its August survey found that 68 percent of its members reported a decline in sales since the latest lockdown.The downturn in Auckland

Small businesses were much better prepared for the switch to alert levels 3 and 2 this time around, but more needs to be done to support staff working from home, according to a new survey.The telecommunications company 2degrees survey of 1000 small to medium businesses

Office Max is shutting down all of its retail stores as it transitions to an online-only business.The office supply company sent an email to its customers on Wednesday saying it will transition to an online-only business when its 14 stores close in October.The decision comes

Air New Zealand has posted one of the biggest corporate losses in recent memory as Covid-19 has all but grounded the airline in recent months.The carrier reported an after-tax loss of $454 million for the year ended June compared with the previous year's $276m profit.Much

Retail sales slumped over the past three months as the Covid-19 pandemic hit spending.Official figures show retail sales volumes, which leave out price movements, fell a seasonally adjusted 14.6 percent for the three months ended June on the previous quarter."This unprecedented fall in the June quarter

The announcement of a continuation of the level 3 lockdown has been met with trepidation by Auckland businesses - with many teetering on the brink of collapse.The current restrictions - Auckland at alert level 3, and the rest of the country at level 2 -

Just two years after Apple became the first publicly listed US company with a $1 trillion stock market value, the iPhone maker has now topped $2 trillion.The California-based company's shares briefly rose to as high as $US468.65 on Wednesday, equivalent to a market capitalization of