‘Early stages’: Baby Bunting crawls towards NZ profits

‘Early stages’: Baby Bunting crawls towards NZ profits
Baby Bunting chief executive Mark Teperson says the company is focused on driving long-term growth. (Image: Supplied)
Gregor Thompson
Baby Bunting’s New Zealand operation has made a second consecutive earnings deficit as it continues its go-for-broke expansion.In the year to June 30, Baby Bunting NZ's operating earnings before interest and taxes (ebit) fell 10% to a loss of A$3.7 million (NZ$4.05m). That came despite revenue growth of nearly 100% to A$11m on account of three new stores in the country.In their statements in the company's annual report, posted on the Australian Securities Exchange (ASX) on Tuesday, chief executive Mark Teperson and chair...

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