Pyjama party! Peter Alexander powers NZ profit for Aussie owner

Peter Alexander has been a standout performer for ASX listed Premier Investments.

Tue, 18 Jan 2022

Kimbyr Investments, the NZ operator of major retail chains including Just Jeans, Smiggle and Peter Alexander has more than doubled its net profit to $21.2 million from $9.0m in the 53 weeks to July 31, 2021, from $9.0m in the previous year. While acknowledging a “highly uncertain macro environment” due to covid-19, the company said it did not need to record further impairment losses in New Zealand, having already discounted its estimated cash flows in 2020 by 10.5%. The NZ unit of ASX-listed Premier Investments has more th...

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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm

Economy

NZ continues to cut trade deficit

Imports were down $1.9 billion, or 25%, compared to March last year.

Murray Jones 12:40pm

Markets

'Serious compliance breaches' in NZ sharemarket

Seven matters were referred to the NZ Markets Disciplinary Tribunal last year.

Murray Jones 10:10am

'Serious compliance breaches' in NZ sharemarket

Sponsored

Avoiding mistakes many investors make

Managing emotions key to securing long-term returns.

Milford

Sponsored

Boosting rural growth with innovation

Productivity and sustainability go hand in hand for the rural sector

ASB Scam Update

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Website duplication scams haunt NZ retailers

Increasingly sophisticated obfuscation technology is making scams harder to resolve.

Gregor Thompson 22 Apr 2024

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