Wage subsidy 2021: Aussie retail giant cashes in

Wage subsidy 2021: Aussie retail giant cashes in
Wesfarmers claimed Bunnings in NZ and Australia had 'extraordinary growth' in 2021.
Andy Fyers
Almost 60 businesses have claimed more than $1 million in the latest round of the wage subsidy as of September 18.Leading the way again is Air NZ which claimed $17.2m for more than 7,000 staff as of Sept 18. The national carrier has now received $130m in wage subsidies since the beginning of the pandemic.But it is retailers' claims which will raise some eyebrows given the sector's strong performance during the pandemic.Retail spending has generally bounced back well out of lockdowns with spending often delayed rather than lost entirely....

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.