NZ retail sales growth stalls in June as prices play catch up

NZ retail sales growth stalls in June as prices play catch up
Rebecca Howard
By Rebecca Howard Aug. 23 (BusinessDesk) - Retail sales growth stalled in the June quarter, although rising prices helped the value of sales catch up from a lull earlier in the year.  Retail sales volumes rose a seasonally adjusted 0.2 percent in the June quarter from 0.7 percent in the March quarter, Stats NZ said. Economists polled by Bloomberg had predicted the 0.2 percent lift. “We’ve seen relatively small changes in most of our retail industries this quarter,” retail statistics manager Sue Chapman said. The data echoes recent c...

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Easter trading laws could be repealed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Easter trading laws could be repealed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