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

Warehouse drops guidance, loss now in scope
Retail

Warehouse drops guidance, loss now in scope

The retailer has raised the possibility of a full-year earnings loss.

Foodstuffs serves up reuse trial with Bonson
Retail

Foodstuffs serves up reuse trial with Bonson

Most shoppers skip reusable bags so will they return deli trays?

Cooks Coffee flags ‘material uncertainty’
Retail

Cooks Coffee flags ‘material uncertainty’

Executive chair Keith Jackson says the firm is not concerned. 

Gregor Thompson 30 Jun 2025
Leaner picture for 3M without masks
Retail

Leaner picture for 3M without masks

Annual results show a 61% drop in revenue in two years.

Denise McNabb 30 Jun 2025