Cooks Coffee turnaround continues as core business sales rise 23.1%

Cooks Coffee turnaround continues as core business sales rise 23.1%
Cooks Coffee plans to open more stores and expand the footprint of its core business. (Image: Michael Craig)
Gregor Thompson
Coffee is the new tea in the British Isles. That's according to Cooks Coffee Company executive chair Keith Jackson.Sales at Esquires stores, a cafe chain based in Britain and Ireland and Cooks Coffee's core business, are up as the company continues expanding its footprint.In a trading update on the New Zealand Exchange (NZX) for the 22 weeks to September, the company said Esquires' sales rose 23.1% to $28.5 million.  British store sales rose 32.4% to $19.7m, and Ireland store sales were up 6.4% to $8.8m.Shares rose 11% to...

More Retail

Govt eagle-eyed on ComCom interchange fees decision
Finance

Govt eagle-eyed on ComCom interchange fees decision

Open banking depends on sustainable interchange fees, Minister Scott Simpson says.

Pattrick Smellie 11 Apr 2025
Hart business tips manufacturing contractor into receivership
Retail

Hart business tips manufacturing contractor into receivership

A spokesperson estimated Hansells Masterton employs 100 people.

Staff reporters 10 Apr 2025
Woolworths' restructure overhauls pay structure
Retail

Woolworths' restructure overhauls pay structure

Supermarket giant Woolworths’ new operating model could lead to pay cuts that will cost experienced workers thousands of dollars, a union claims.But a Woolworths New Zealand spokesperson said the changes would ensure the business had the right expertise, in the right place, at th...

Staff reporters 10 Apr 2025
OfficeMax parent's profits up 34.2%
Retail

OfficeMax parent's profits up 34.2%

By cutting expenses, the online office supplier OfficeMax has boosted its profits. Project Inkquill, the parent company of three OfficeMax entities, reported annual financial statements for the year to Dec 28 to the Companies Office on Wednesday. The firm reported net profit incr...

Gregor Thompson 10 Apr 2025