New Zealanders spent more in August

New Zealanders spent more in August
Rebecca Howard
By Rebecca Howard Sept. 10 (BusinessDesk) - New Zealanders look to have heeded Reserve Bank governor Adrian Orr’s advice in August and headed out to spend.   Seasonally adjusted electronic card spending lifted 1.1 percent in August after falling 0.1 percent in July. Economists polled by Bloomberg had expected a lift of 0.5 percent.  Core retail spending, excluding fuel and vehicle purchases, lifted 1.3 percent after falling 0.4 percent in July. The central bank cut rates by 50 basis points to a record low 1.0 percent on Aug. 7 and O...

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