Big burger joints lag behind growing Kiwi appetite for food and beverage services

Rebecca Howard
Fri, 15 Jun 2018

By Rebecca Howard June 15 (BusinessDesk) - Three of the more prominent burger brands failed to sizzle in 2017 with sales rising at a slower pace than what Kiwis were willing to spend on food and beverage services, and are now contending with a hike in the minimum wage eating into gains from higher prices. Government data show New Zealanders increased the value of retail spending on food and beverage services 9.1 percent to $11.28 billion in the year ended March 31, with the volume sold rising 6.8 percent, indicating higher prices. Whil...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Quiz FREE
QuiznessDesk, Monday, May 23, 2022
The Quizmaster | Mon, 23 May 2022

This chilly weather is the perfect time for you to test your smarts in our daily quiz. Good luck!

Retail
Power play: Spark moves on Genesis trademark
Victoria Young | Mon, 23 May 2022

Spark moves to block Genesis from expanding its challenger brand.

Profile FREE
Designer's life is not a dress rehearsal
Ella Somers | Mon, 23 May 2022

"At the end of the day, it makes me really happy to design garments that women treasure and feel empowered in," womenswear designer Natalie Procter says.

Partner content
What’s driving the ram raids, and what shop owners can do

Scott La Franchie explains the motivations behind the spate of burglaries.

Partner content
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.