Bunnings to close seven stores; 145 jobs at stake
Wesfarmers-owned Bunnings New Zealand plans to close seven provincial stores across the country, affecting 145 jobs. The hardware chain is consulting with its staff and may be able to redeploy them elsewhere, it said. It plans to close the stores in Ashburton, Hornby, Hastings, C...
Emergency support for racing industry
Minister for Racing Winston Peters has announced a $72.5 million-dollar covid-19 emergency support package for the racing industry. “The racing industry has been hit by the perfect storm of covid-19 while in a weak financial state and in the midst of a reform programme,” Peters s...
Glimmer of light in ANZ business outlook
Business confidence – while still dire - showed some signs of dusting itself off according to ANZ Bank’s preliminary read for May.“As New Zealand emerges from a highly successful lockdown there’s a glimmer of light, but it’s at the end of a very long tunnel,” said ANZ Bank chief...
Spending halves during lockdown
Total retail sales fell $2.6 billion, or 47 percent, in April after adjusting for seasonal effects, Stats NZ said. That was the largest fall in both dollar terms and percentage change since the series began in 2002. “The $2.6 billion drop is the equivalent of each person in the c...
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