Retail
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Burger Fuel turns to profit as it changes direction
By Jenny Ruth June 14 (BusinessDesk) - Burger Fuel Worldwide says it posted a $1.2 million net profit for the year ended March, a turnaround from the previous year’s $463,000 net loss, as it transitions to a new business model. Sales fell 15 percent to $21 million, mostly r...
Economy
NZ food prices rise an annual 1.7% in May, rental inflation steady
By Rebecca Howard June 14 (BusinessDesk) - New Zealand food prices rose an annual 1.7 percent in May, boosted by more expensive groceries and restaurant and ready-to-eat food. The annual rise in food prices followed a 1 percent annual rise in April. Restaurant meals and re...
Economy
NZ consumers pull back on spending in May
By Rebecca Howard June 12 (BusinessDesk) - Consumers pulled back on credit and debit car spending in May after holidays in April fuelled a rise. Seasonally-adjusted electronic card spending fell 0.5 percent in May after rising 0.6 percent in April. Core retail spending, ex...
Costco to open first NZ store at Westgate in Auckland
By Jenny Ruth June 11 (BusinessDesk) - American multi-national discount store operator Costco Wholesale is planning to open its first New Zealand store at the Westgate shopping centre in Auckland’s north-west. The store will be about 14,000 square-metres, have more than 800...
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