Hospitality industry counting the cost of flooding

Hospitality industry counting the cost of flooding
Flooding outside the New World on Auckland's Victoria St. (Image: Getty)
Rebecca Howard
More than half of hospitality businesses that responded to a snap survey by the Restaurant Association have experienced material damage from the deluge that is hitting the upper North Island. The Restaurant Association survey, which was carried out today and garnered 70 responses so far, showed 85% of respondents have been impacted by the current weather situation, with 75% reporting a significant downturn in trade. A total of 54% have experienced material damage to their business as a result of the weather. “It’s cle...

More Retail

Woolworths disputes grocery commissioner's findings
Retail

Woolworths disputes grocery commissioner's findings

ComCom's report and Woolworth's disclosures tell two different stories.

Hallenstein Glasson forecasts solid lift in FY net profit
Retail

Hallenstein Glasson forecasts solid lift in FY net profit

Firm expects improving performance across major performance metrics.

Gregor Thompson 05 Sep 2024
Supermarkets are sitting ducks for regulation
Retail Free

Pattrick Smellie: Supermarkets are sitting ducks for regulation

The big supermarket operators have a long way to go to be highly competitive.

Pattrick Smellie 05 Sep 2024
Grocery sector set for regulatory shake-up after ComCom report
Retail

Grocery sector set for regulatory shake-up after ComCom report

The inaugural Annual Grocery Report paints a ‘concerning picture’. 

Gregor Thompson 04 Sep 2024