Retail
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Retail
Pent up demand not going to last, Warehouse CEO says
The Warehouse Group chief executive Nick Grayston warns consumer spending is artificially high from pent up demand following the lockdown, and that retailers should tighten their belts. Retail spending bounced back vigorously after the national lockdown was lifted as consumers...
Retail
Food fight breaks out between trans-Tasman start ups
A trans-Tasman stoush has opened up between two online food ordering start-ups, New Zealand’s Eat Local and Australia’s Mr Yum. Eat Local NZ founder Tim McLeod wrote in a Facebook post on Friday that he was “devastated” after Mr Yum backed out of a partnership and he was unsur...
Retail
Warehouse to cut nine stores, up to a 1,000 roles
The Warehouse Group plans to cut nine stores and as many as a thousand employees as it responds to the economic impacts of covid-19.The group said it is looking to close six stores, in addition to three already announced, as part of a proposal to shift the business to an 'agi...
Retail
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Rising air freight costs poised to push up retail prices
Kiwi consumers face higher prices for imported goods as the lack of passenger flights in and out of the country has pushed up air freight prices. Parallel importer Mighty Ape has seen the cost of air freight rise three-to-five times what it was before the covid-19 pandemic. An...
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