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Retail
Margin pressure continues at Michael Hill although sales rise
Michael Hill International says group sales were up 3.3 percent over the December quarter but gross margins remain below historical levels. The Australasian jeweller said total sales rose to A$203.47 million for 13 weeks to 29 Dec. 2019 from A$197.05 million over the same period...
Retail
Financial life looks up for small businesses
New Zealand businesses may still be worried about profitability, but things are looking up for the small end of town. The latest Xero Small Business Insights data showed 58.47 percent of New Zealand small businesses were cash flow positive in November, up 8.51 percentage points...
Retail
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Eric Watson’s problematic loan to cash-strapped Bendon parent
Creditors circling Eric Watson may pose problems for the cash-strapped parent of lingerie maker Bendon, which owes the high-profile ex-pat businessman $2.7 million. The debt arose in 2018 in a complex arrangement involving Watson’s Cullen Group when Na...
Retail
Commodities, PGF drive resurgent Gisborne economy
A strong primary sector and central government stimulus from the $3 billion Provincial Growth Fund saw Gisborne consumers open their wallets at the end of 2019.“The general economy in Gisborne is in a very good paddock at the moment,” Paul Naske, president of the Gisborne Chamber...
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