Retail
Explore the latest retail news by Business Desk. Need more retail stories? Search our archive.
Coronavirus
20,000 fewer new car registrations due to virus
New car and commercial vehicle registrations were down by almost a third last month as restricted trading conditions reduced sales to 8,313 new vehicles, a year-on-year decline of almost 4,000 vehicles on last May's 12,259 cars. Overall, the covid-19 shutdown has seen almost 2...
Technology
Nido enters the turmoil of the retail sector
It is being billed as New Zealand's largest furniture and homeware retailer but the opening of Nido this weekend seems like a hugely optimistic punt on an industry hit hard by the covid-19 shutdown and consumer exodus to digital shopping.The Ikea-esque outlet is a $60 million...
Markets
Comvita to raise $50 million to build on pandemic windfall
Comvita is capitalising on a covid-19 sales boost by asking investors for $50 million to support the company’s transformation.The honey products maker aims to raise $20 million in a placement to institutional investors and about $30 million from a rights issue in an entitlement o...
News in Brief
Smartpay completes A$13m raising
Eftpos provider Smartpay Holdings has raised A$13 million from institutional investors to support its growth in Australia and New Zealand. The payments processor placed 30.9 million new shares at 42 Australian cents per share – the closing price on May 20. Existing shareholders w...
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