Retail
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Retail
Consumer confidence at 4-year low as people fret about the future
By Rebecca Howard Sept. 27 (BusinessDesk) - Consumer confidence fell to its lowest level in four years as people grew more wary about the future, but low interest rates mean people still think it's a good time to buy big-ticket items. The ANZ-Roy Morgan consumer confidence...
Retail
NZ Post's parcels business turns a small annual profit as mail keeps group in the red
By Paul McBeth Sept. 27 (BusinessDesk) - New Zealand Post's increasingly important parcels business turned a small annual profit, but that wasn't enough to avoid red ink with its mail service still in decline. The state-owned enterprise (SOE) reported a loss of $121 millio...
Retail
Air NZ to keep regional fares low as Jetstar ponders exit
By Paul McBeth Sept. 25 (BusinessDesk) - Air New Zealand says it won't hike fares on the routes that Jetstar looks set to exit, consistent with pricing changes it made earlier this year to stimulate travel in the regions. The national carrier will offer a special discounte...
Retail
Jetstar pulling out of Nelson, Napier, New Plymouth, Palmerston North routes
By Paul McBeth Sept. 25 (BusinessDesk) - Jetstar plans to stop flying unprofitable regional routes at the end of November, blaming tepid demand and high jet fuel prices which it says look set to stay for some time. The affected routes are between Auckland and Nelson, Napie...
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