The country's newest upmarket shopping mall is giving some shops a rent holiday to help soften Covid-19's economic blow. Commercial Bay - a $1 billion development with more than 120 shops - occupies a city block in downtown Auckland. It opened last month - just as vacancy
Jewellery retailer Michael Hill is not ruling out more store closures, as its year-on-year revenue takes a dive due to the Covid-19 pandemic. The company has already closed 11 stores across Australia, New Zealand and Canada. Chief executive Daniel Bracken said it would continue to monitor stores
Business leaders in Christchurch warn the worst of the economic fallout from Covid-19 is yet to come, but believe the city is better placed to weather the storm compared to other parts of the country. Early estimates suggest there could be between 9000 and 36,500 job
The world's first global indigenous online marketplace will be launched later this month, creating a space for Māori and Pasifika businesses to showcase and sell their products on a global scale. Social enterprise 5000 TRIBES saw an opportunity to support businesses amidst the Covid-19 crisis. Co-founder Moana
Two surveys from ANZ show business confidence and economic activity have rebounded, but uncertainty about the future remains extreme. ANZ's preliminary monthly survey showed headline confidence lifted to a net negative 29.8 percent from 34.4 percent in June. The more closely followed measure of firms' view of their
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Outdoor goods and clothing retailer Kathmandu Holdings' full-year earnings are expected to be down by nearly a third despite a strong sales recovery post the Covid-19 lockdown. The group owns Kathmandu stores as well as footwear maker OBOZ and Rip Curl. The company's earnings in 2019 were
Rules preventing independent greengrocers from trading have lead to huge food waste and potentially, financial loss.
Ministers will meet today to discuss whether more services should be deemed to be essential and allowed to be open for business.
Businesses will receive the lion's share of a $12.1 billion economic rescue package as New Zealand responds to the Covid-19 crisis.
Electronics, iPhones, clothes, and raw materials are in short supply and could take much longer to get here as the novel coronavirus outbreak slows global trade.