The results are in for consumer expenditure over the Christmas period in New Zealand and many of the predictions made proved accurate. Consumer spending was up on 2015, and retailers reaped the benefits.
After an effort to franchise six of its eight Nosh stores, investment firm Veritas has announced it may have to close the struggling chain early next year.
Since the appointment of Roy Campbell as chief executive in May last year, Smiths City Group has seen its best annual results since 2005. Over the past year, the listed company has shown a renewed emphasis on improving core operations and expansion, a move that has paid dividends for the Christchurch-based firm.
This year's Retail Trade Survey paints a positive overall picture with steady growth for the first quarter of 2016. Retail spend remained steady as low interest rates, fuel prices and increased visitor numbers continued over the quarter.
There’s light at the end of the tunnel for those of Kathmandu’s shareholders who resisted the Briscoe Group takeover last year. The company has reported a half-year profit of $9.4 million, bouncing back from a loss of $1.8 million.