‘Not a pretty picture' – more job squeezes on the horizon for retail sector?

‘Not a pretty picture' – more job squeezes on the horizon for retail sector?
(Image: Getty)
Ella Somers
Retailers across the retail spectrum are struggling in a difficult market brimming with low consumer confidence, the ever-rising cost of living, and supply chain and stock headaches.But the chief economist at economic consultancy firm Infometrics said big-box retailers in New Zealand feel more pressure than most.The AFR reported earlier in the week that hardware and garden centre chain Bunnings was cutting 100 jobs from its NZ head office.Infometrics chief executive Brad Olsen told BusinessDesk that higher prices through general inflation house...

More Retail

Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
Fast-food sector in 'consolidation' stage: IbisWorld
Retail

Fast-food sector in 'consolidation' stage: IbisWorld

Higher costs are helping McDonald’s and KFC grab market share.

Gregor Thompson 23 Apr 2025
ComCom clears Woolworths ready-meal deal
Retail

ComCom clears Woolworths ready-meal deal

The Commerce Commission granted clearance for Woolworths Group to acquire ready-meal manufacturer Beak & Johnston.Through facilities in New Zealand and Australia, Beak & Johnston (B&J) makes and supplies ready-to-eat meals under its brands to grocery retailers, wholesalers, and f...

Gregor Thompson 17 Apr 2025
Accent Group plans Sports Direct roll-out in NZ
Retail

Accent Group plans Sports Direct roll-out in NZ

With the help of London-listed Frasers Group, Accent Group will take on Rebel Sport.

Gregor Thompson 16 Apr 2025