Retail
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Retail
Warehouse transformation programme reaps benefits
The Warehouse Group says it continues to reap the rewards of its transformation programme as first-quarter sales improved by 4 percent from a year ago to $694.8 million. The latest result follows sales growth of 3.6 percent for the same quarter last year. Noel Leeming has...
Retail
Death knell for power companies' customer 'win-back' tactics
Proposed new regulations will effectively kill off electricity companies' practice of wooing back departing customers with generous 'win-back' offers. The Electricity Authority is consulting on a proposed 180-day ban on "retailer-initiated saves and win-backs" after a customer...
Retail
NZ stocks smacked by smelter review, SkyCity fire
New Zealand shares dropped as the threat of Rio Tinto pulling the pin on the Tiwai Point smelter saw Meridian Energy and its electricity sector peers sold off sharply. The S&P/NZX 50 Index dropped 169.1 points, or 1.5 percent, to 10,922.11 at 1.30pm, with 27 of the top 50 stocks...
Retail
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SkyCity shares hit 7-week low as fire engulfs convention centre
SkyCity Entertainment Group shares dropped to a seven-week low in a knee-jerk reaction to news of a major fire at the already-delayed building site for the international convention centre. The stock fell as low as $3.82 after headlines started to emerge at 1.10pm, and was recentl...
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