Retail
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Retail
NZ dollar lower on stronger than expected US retail data
By Rebecca Howard June 17 (BusinessDesk) - The New Zealand dollar was trading lower after stronger than expected US retail data ahead of the Federal Reserve's meeting this week. The kiwi was trading at 64.91 US cents from 65.34 US cents at 5pm in Wellington Friday. The tra...
Retail
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...
Retail
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...
Retail
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...
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