News in Brief
News in Brief
Retail
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...
Supplies! 11th hour deal salvages office jobs
National Express Products, an essential business under covid-19 restrictions, has acquired the business of NZ Office Supplies after the company had gone into voluntary administration on Tuesday.NXP chief executive Joe Taylor said all the office supply company’s 34 staff - throug...
NZ beef will fill the void left by reduced Aussie exports - Rabobank
Australia’s loss is likely to be New Zealand’s gain in beef exports, although global demand for beef will come under significant pressure due to the economic impacts of covid-19 in 2020. Rabobank animal proteins analyst Blake Holgate said local beef farmers would benefit from an...
Canterbury A&P faces $500k hit after NZ show canned
The Canterbury A&P Association is facing a $500,000 loss after cancelling November’s NZ Agricultural Show.The association, which has managed the show for 157 years, axed the country’s biggest A&P showcase, citing the “risk to public health” of hosting an event that attracted upwa...
Prev
