Retail card spending flat in June on lower fuel costs

Retail card spending flat in June on lower fuel costs
Rebecca Howard
By Rebecca Howard July 11 (BusinessDesk) - Consumers spent less on fuel in June but more on furniture, hardware and appliances. Seasonally-adjusted electronic card spending was unchanged in June after falling 0.5 percent in May, according to Statistics New Zealand. Economists had expected a 0.7 percent lift. Core retail spending, excluding fuel and vehicle purchases, lifted 0.4 percent after falling 0.5 percent in May.  The largest movement came from a fall in fuel spending, down 4.3 percent, or $26 million from May, at $574 million. ...

More Retail

E-commerce deal website GrabOne ceases trading
Retail

E-commerce deal website GrabOne ceases trading

E-commerce deal website GrabOne has ceased trading after its owner went into liquidation on Thursday.Daniel Stoneman and Neale Jackson of Calibre Partners were appointed liquidators of Global Marketplace New Zealand Limited, which operates the GrabOne business in NZ.GrabOne’s web...

Trade Me payment changes anger professional sellers
Retail

Trade Me payment changes anger professional sellers

The move has sparked anger and complaints.

Andy Macdonald 15 Oct 2025
ANZ alternate capital review proposal unveiled
Finance

ANZ alternate capital review proposal unveiled

The bank argues its proposal would cut borrowing costs by 11 basis points.

Andy Macdonald 13 Oct 2025
Smiths City owes creditors $26.8m
Retail

Smiths City owes creditors $26.8m

The outlook for unsecured creditors of the former retail icon Smiths City appears bleak, as liabilities have mounted to more than $26.8 million.Liquidators for the century-old retailer stated in their initial report that 240 creditors were owed money by the company, as reported b...

Staff reporters 09 Oct 2025