Retail
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Retail
Briscoe warns accounting change and margin squeeze may knock profit
By Paul McBeth May 6 (BusinessDesk) - Briscoe Group says it may struggle to deliver another record profit as accounting rule changes reduce earnings already facing a squeeze from higher wages and increased costs. Accounting rule changes to how firms can treat leases reduce...
Retail
Countdown March-qtr sales growth underpinned by produce, perishables
By Paul McBeth May 2 (BusinessDesk) - The Woolworths-owned Countdown supermarket chain lifted sales 3.2 percent in the March quarter, which the retailer put down to growth in fruit, vegetables and perishables. Sales across the 180 Countdown stores were $1.69 billion in the...
Retail
Moa says 2nd half trading loss narrowed on path to breaking even
By Paul McBeth May 2 (BusinessDesk) - Moa Group says it narrowed its trading loss in the second half of the financial year as it works towards breaking even after seven years of red ink since the beer brewer listed. The company said it's trading loss was $600,000 in the si...
Retail
Ebos' board, managers should hang their heads in shame: NZSA
By Jenny Ruth May 1 (BusinessDesk) - Ebos' board and managers should hang their heads in shame for cutting retail shareholders out of its discounted capital raising, which clearly wasn't urgent, says outgoing New Zealand Shareholders’ Association chair John Hawkins. The iss...
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