NZ consumers pull back on spending in May

NZ consumers pull back on spending in May
Rebecca Howard
By Rebecca Howard June 12 (BusinessDesk) - Consumers pulled back on credit and debit car spending in May after holidays in April fuelled a rise.  Seasonally-adjusted electronic card spending fell 0.5 percent in May after rising 0.6 percent in April. Core retail spending, excluding fuel and vehicle spending, also fell 0.5 percent following a 0.4 percent lift in April when people took advantage of the extended holiday period, which included Easter and school holidays, to travel domestically and eat out more. ASB Bank senior economist Mar...

More Retail

Menulog exits NZ
Retail

Menulog exits NZ

Online food delivery platform Menulog will discontinue its New Zealand operations in May.Parent company Just Eat Takeaway confirmed the decision today, saying: “New Zealand represents a small part of the Just Eat Takeaway.com business and its size is insufficient to maintain a he...

Staff reporters 16 Apr 2024
Grocery code now in full effect, ComCom reminds suppliers
Retail

Grocery code now in full effect, ComCom reminds suppliers

The Grocery Supply Code went into effect on March 28.

Staff reporters 16 Apr 2024
Easter trading laws could be repealed
Retail

Easter trading laws could be repealed

Bill drawn from ballot would allow shops to open on Good Friday and Easter Sunday.

John Anthony 11 Apr 2024
Kogan appoints new Mighty Ape CEO
Retail

Kogan appoints new Mighty Ape CEO

Daniel Balasoglou replaces Gracie MacKinlay in the top job.

Staff reporters 08 Apr 2024