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

Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
Fast-food sector in 'consolidation' stage: IbisWorld
Retail

Fast-food sector in 'consolidation' stage: IbisWorld

Higher costs are helping McDonald’s and KFC grab market share.

Gregor Thompson 23 Apr 2025
ComCom clears Woolworths ready-meal deal
Retail

ComCom clears Woolworths ready-meal deal

The Commerce Commission granted clearance for Woolworths Group to acquire ready-meal manufacturer Beak & Johnston.Through facilities in New Zealand and Australia, Beak & Johnston (B&J) makes and supplies ready-to-eat meals under its brands to grocery retailers, wholesalers, and f...

Gregor Thompson 17 Apr 2025
Accent Group plans Sports Direct roll-out in NZ
Retail

Accent Group plans Sports Direct roll-out in NZ

With the help of London-listed Frasers Group, Accent Group will take on Rebel Sport.

Gregor Thompson 16 Apr 2025