Spoiler alert: Is it a bike? No, it’s a beach towel

Spoiler alert: Is it a bike? No, it’s a beach towel
Flying off the shelves: beach towels, jandals and fishing rods. (Image: supplied)
Brent Melville
Undeterred by checkpoints and keen to get out of the house after months of lockdowns, Kiwis are planning to head to the beach in droves this summer.That's if shopping trends are anything to go by.In fact, spoiler alert: you'll most likely find a beach towel under the tree this Saturday as summer items fly off retail shelves in the run down to Christmas morning. The Warehouse reports that Kiwis have already snapped up more than 80,000 beach towels, 26,000 pairs of jandals, 60,000 pool floats, 34,000 swimming pools and 10,000 fishing...

More Retail

The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024
Serato and AlphaTheta have abandoned deal
Retail

Serato and AlphaTheta have abandoned deal

The CMA said it has received written assurances from the parties. 

Rebecca Howard 24 Jul 2024
Warehouse share trading complaint filed
Retail

Warehouse share trading complaint filed

The Warehouse had confirmed a buyout proposal had been lodged.

Gregor Thompson 24 Jul 2024
Stephen Tindall supports Warehouse takeover offer
Retail

Stephen Tindall supports Warehouse takeover offer

Bid from Australian private equity firm values shares at between $1.50 and $1.70.