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Retail industry leads New Zealand’s fastest quarterly growth since 2007

  • News
  • March 19, 2015
  • Sarah Dunn
Retail industry leads New Zealand’s fastest quarterly growth since 2007

It reported a 0.8 percent growth rate for New Zealand's economy over the last three months of 2014. Together with increases in real estate services and manufacturing, this boosted growth for the December 2014 year to 3.3 percent - the highest annual increase since 2007.

Retail and accommodation increased 2.3 percent in the December 2014 quarter, buoyed by a 15 percent increase in international tourist spending. New Zealand household spending also increased 0.6 percent.

National accounts manager Gary Dunnet says some of the growth came from more spending by New Zealanders, but overseas visitors had a bigger impact. Chinese, US and UK visitors all increased their spending in 2014, although Australian visitors let us down by reining in their spending.

Manufacturing activity was also up this quarter, with an increase of 1 percent. The main driver was petroleum manufacturing, while imports of intermediate goods such as fuels, lubricants, and industrial supplies) also increased. Food, beverage, and tobacco manufacturing was up 1.5 percent, and exports of meat products and dairy products also rose.

The size of the economy (in current prices) was $238 billion for the year ended December 2014.

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Military-style semi-automatics ban announced

  • News
  • March 21, 2019
  • The Register team
Military-style semi-automatics ban announced

As of 3pm on March 21, a wide range of semi-automatic weapons have been reclassified under section 74A(c) of the Arms Act as requiring an E endorsement on a firearms license. This means they can no longer be sold to those with A-category gun licenses, and their purchase now requires police approval.

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Retailers gather for insights at NZ Retail and The Register's breakfast

  • News
  • March 21, 2019
  • The Register
Retailers gather for insights at NZ Retail and The Register's breakfast

NZ Retail and The Register’s sales and marketing breakfast saw dozens of Kiwi retailers come together to network, sharing tips and tricks and absorbing expert advice.

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Who stole Christmas?

  • News
  • March 21, 2019
  • Kelly Withers
Who stole Christmas?

Results are starting to trickle in from Christmas 2018/2019, and for many retailers, they're a little disappointing. Paydar chief executive and co-founder Kelly Withers explores the data.

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Social scoreboard

Zavy and The Register have worked together to create a scoreboard that compares how the top 25 traditional media advertising spenders in New Zealand have performed on social media over the past 30 days, updated in real time.

 
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Chinese businesspeople raise millions for Christchurch victims

  • News
  • March 21, 2019
  • Radio New Zealand
Chinese businesspeople raise millions for Christchurch victims

A group of visiting Chinese businesspeople have raised $2.35 million for victims of the Christchurch mass shooting.

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Take this time to shine with the upcoming Retail NZ awards, a chance to show the retail industry what makes your business stand out. No ...

 

Hunting & Fishing New Zealand voluntarily pulls military-style assault weapons from sale

  • News
  • March 20, 2019
  • Sarah Dunn
Hunting & Fishing New Zealand voluntarily pulls military-style assault weapons from sale

In the wake of the attack on Christchurch’s Muslim community on March 15, strong calls for changes to New Zealand’s gun last have been made. Trade Me was the first retailer to act, halting the sale of all semi-automatic weapons on its platform, and it has now been joined by Hunting & Fishing New Zealand.

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