News
Com Com eyes "problematic" supermarket supplier fees
1+ hour, 52+ min ago (291+ words) The Commerce Commission is looking into concerns about the fees that Woolworths and Foodstuffs charge their suppliers and the potential negative impact of this practice. The Grocery Industry Competition Act specifies what supermarkets can charge suppliers for and includes rules…...
Can Olive Young export Korea's beauty retail strategy?
3+ week, 1+ day ago (23+ words) Inside Retail New Zealand This is for IR Pro Log in below or subcribe....
Rising prices force Kiwis to rethink grocery priorities
3+ week, 5+ day ago (438+ words) Kiwis are changing the way they shop as rising costs continue to put pressure on their everyday living. According to a recent study by Consumer NZ, 82 per cent of New Zealand households say their food budget is under strain, forcing…...
The Warehouse Group posts sales decline, says consumer confidence under pressure
1+ mon, 3+ week ago (302+ words) The Warehouse Group has reported a sales decline in the third quarter, as soaring fuel prices placed pressure on consumer confidence. Sales for the 13 weeks ended May 3 were down 1. 4 per cent year-on-year to $700. 8 million, with same-store sales remaining flat. Year-to-date…...
Retail spending continues positive trend
3+ mon, 3+ week ago (135+ words) Another monthly improvement in retail spending from card transactions in New Zealand has been recorded, as the industry rebounds from a quiet Christmas period. Data from Stats NZ showed that retail spending increased by 1. 4 percent from January to February, and…...
Price inflation increases across the board, above RBNZ target
5+ mon, 2+ week ago (229+ words) The latest consumer price index (CPI) has been released, with prices rising faster than the Reserve Bank of New Zealand's (RBNZ) target. Stats NZ released the figures, which showed a 3. 1 per cent increase in the CPI, in the 12 months to…...