Financial life looks up for small businesses

Financial life looks up for small businesses
Rebecca Howard
New Zealand businesses may still be worried about profitability, but things are looking up for the small end of town.  The latest Xero Small Business Insights data showed 58.47 percent of New Zealand small businesses were cash flow positive in November, up 8.51 percentage points on the month and 1.94 percentage points year-on-year. It was also nearly 1.5 percentage points higher than the previous record of 57 percent in March 2019.The latest Stats NZ data shows New Zealand’s small-to-medium enterprises, or SMEs, contributed $153 billi...

More Retail

HelloFresh profit plunges 84% as revenue drops amid customer fallout
Retail

HelloFresh profit plunges 84% as revenue drops amid customer fallout

Meal kit provider HelloFresh New Zealand has reported a steep decline in profit and revenue in 2024, as the business faces continually shrinking results post-pandemic.HelloFresh reported revenue of $117.8 million in the 12 months to Dec 31, 2024, a drop of 18.8% or $27.3m from $1...

The Warehouse CEO Mark Stirton unveils cost reset amid margin pressure
Retail

The Warehouse CEO Mark Stirton unveils cost reset amid margin pressure

Continued margin pressure and an unsustainable cost base have led The Warehouse Group to implement a comprehensive cost reset programme, something which could see head office roles slashed to save costs.Chief executive Mark Stirton said the group’s shareholders expect decisive ac...

Want an easier way to travel with a suit?
Retail

Want an easier way to travel with a suit?

Known as ‘convertibles,’ they combine a garment bag with a duffel to carry a suit.

NZ’s second giant Costco Wholesale to be built at Drury
Retail

NZ’s second giant Costco Wholesale to be built at Drury

New Zealand’s second giant Costco Wholesale shop will be built in South Auckland’s Drury, it has been confirmed.Kiwi Property chief executive Clive Mackenzie and Costco country manager Chris Tingman made a joint statement about a conditional land deal.“Kiwi Property has reached a...

Staff reporters 12 Nov 2025