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Flight Centre halves NZ workforce, pins hopes on domestic demand
Travel agent says further government support is needed, as parent posts A$662 million loss.
Countdown earnings rise 10.7% on fatter margins, bigger sales
Lockdown pantry-stocking helped drive Woolworths' New Zealand earnings up by more than 10 percent as it managed to fatten margins despite the added cost of operating in a covid-19 environment. NZ supermarket sales, through Woolworths’ local brand Countdown, rose 9.1 percent t...
Office Max closing all 14 retail stores
OfficeMax is shutting down its chain of 14 retail stores at the end of October and shifting to online trading only. This will mean 55 jobs will be lost, managing director Kevin Obern said.In an email to customers it said it made the difficult decision to close its retail network...
Covid knocks $150m off Westfield's NZ mall values
The covid-19 pandemic took a $150 million bite out of Westfield's five New Zealand malls over the past six months, in a period where its parent, ASX-listed Scentre Group, lost A$3.6 billion on the reduced valuation of its property portfolio. Scentre Group holds a 51 percent in...
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