Retail
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Retail
Briscoe Group reports lift in 1H sales despite headwinds
By Rebecca Howard Aug. 5 (BusinessDesk) - Briscoe Group continues to shrug off headwinds in the retail sector, reporting a lift in first half sales but noted net profit would be hit by a $1.2 million adjustment as a result of the way leases are treated in the new accounting st...
Retail
Comvita posts worse-than-expected $7.6m operating loss
By Gavin Evans Aug. 2 (BusinessDesk) - Comvita says it posted a full-year $7.6 million after-tax operating loss after sales in China were weaker than expected. In May, the honey marketer had forecast a full-year loss of $6 million due to its third poor harvest in a row. The...
Retail
Confidence wanes as NZ consumers worry about the future
By Rebecca Howard Aug. 2 (BusinessDesk) - Consumer confidence took a hit in July as consumers fret about the future. The latest ANZ-Roy Morgan survey of consumer confidence fell 6 points in July to 116.4, the lowest reading so far this year and below the historic average of...
Retail
Warehouse launches new e-commerce platform
By Rebecca Howard Aug. 1 (BusinessDesk) - The Warehouse Group has launched its new e-commerce venture TheMarket in a bid to tap into the $4.2 billion New Zealander's spent online in 2018. TheMarket has launched with 1,500 brands and more than 1 million products. It includes...
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