Countdown sales strong after lockdown, but growth slowing

Paul McBeth
Tue, 23 Jun 2020

Paul McBeth
Tue, 23 Jun 2020
Countdown supermarkets are looking at another quarter of double-digit sales growth, although things have slowed since the government-imposed lockdown was lifted and smaller rivals reopened. Australia’s Woolworths Group today said its New Zealand supermarket sales in the 10 weeks ended June 14 were up 15.1 percent from the same period last year. The NZ unit lifted sales 13.7 percent in the 13 weeks ended April 5, which captured some, but not all, of the five-week lockdown that left supermarkets among the few retailers deemed to be an essen...
PATTRICK SMELLIE: What do the Nats do now?
Pattrick Smellie | Tue, 14 Jul 2020

Todd Muller's only job as National Party leader was to lose the election better than it seemed Simon Bridges was destined to do. Whoever replaces Muller has an even simpler task: save as much of th...

Listed Companies
Huljich family sells 25% of Pushpay stake
Dan Brunskill | Tue, 14 Jul 2020

The Huljich family has sold a quarter of its cornerstone stake in Pushpay Holdings, one of the rising software company stars. The 14.4 million shares were sold for $123.8 million, or $8.60 per shar...

Housing market rebounds sharply; caution required
Jenny Ruth | Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's lat...

The role of private equity in the wake of COVID-19

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