Retail
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Retail
ASB gives Smiths City space to fix capital structure
Smiths City has another four weeks to make its next payment to lender ASB Bank as it tries to find a new capital structure that works for the retail chain and financier.The shares sank 13.8 percent, or 2.4 cents, to an all-time low 15 cents when they resumed trading today, albeit...
Retail
Trade Me open for 200 essentials; everyone else can window-shop
Trade Me is working to identify essential services operating through its platform, while putting all other purchases on hold during the national lockdown. Approximately 200 sellers have been approved and will be allowed to keep selling and distributing products through the platf...
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Retail
Supermarket pricing, staffing, stock in govt spotlight
The government is keeping close tabs on the nation’s supermarket duopoly through the national lockdown and ministers will tomorrow discuss a range of topics facing the grocery chains. Pricing, staffing and stock levels are among issues that will be discussed before Prime Minister...
Retail
Supermarkets see spending spree as shutdown looms
Stockpiling by households yesterday looks set to be followed by a sharp collapse in discretionary spending as mandatory self-isolation from midnight tomorrow shuts much of the economy.Non-essential businesses are already closing in anticipation of the lockdown and even before Mon...
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