Reporting and analysis on retail, e-commerce, and consumer trends in New Zealand, updated continuously by our newsroom.
Esprit is to close its Australian and New Zealand stores after years of mounting losses. The Esprit Australia and New Zealand network comprises 67 directly managed retail stores, including 38 concessions in department stores and 13 discount outlets. The…
US operators T-Mobile US and Sprint have announced an agreement to merge in an all-stock combination. The combined company will be named T-Mobile, will initially serve some 127 million customers, and will be led by current T-Mobile US CEO John Legere. The…
Sephora has drawn a crowd to the opening of its first store of the year in Queensland, as shoppers queued overnight to access the international cosmetics giant’s new Robina Town Centre store. At one point on Thursday morning the line outside the new location…
Adidas has appointed a Kiwi as its new president of Adidas North America. Former Adidas New Zealand product manager Zion Armstrong will oversee American operations from 1 July, succeeding Mark King, who has decided to step down after a long career with the…
Australian enterprise-focused fixed line operator Vocus Group has abandoned plans to sell its New Zealand business, ending negotiations with all interested parties. In a statement, Vocus Group said none of the multiple offers it had received for the New…
New Zealand retail spending on electronic cards rebounded in March on the back of increased grocery and liquor spending. Seasonally adjusted total retail spending on credit and debit cards increased 1 per cent in March, Statistics New Zealand. Economists had…
New Zealand operator Spark has announced the commercial launch of its nationwide IoT network for businesses across the nation, with coverage reaching 60% of the country’s population. The IoT network, using the LoRaWAN technology, has been switched on in…
Prime Minister Nguyễn Xuân Phúc said his Government encouraged foreign firms in milk production and processing to expand production, upgrade technology and apply energy-saving solutions in the country. He said this during his meeting with the representatives…
New Zealanders have a growing thirst for the popular Asian drink “bubble tea,” with more stores expanding around the country next year. Bubble tea or boba tea is made with soft tapioca balls called pearls and originated in Taiwan in the 1980. The drink has…
Bedding retailer, Adairs, announced it will continue its international expansion next year and will roll out new stores in New Zealand and launch an international website. Mark Ronan, managing director and CEO, stated after the successful opening of their…
US-based global fashion brand owner VF Corporation has bought New Zealand’s Icebreaker Holdings. Icebreaker pioneered the ethical and sustainable production of natural performance apparel for men, women and children, using Merino wool, plant-based fibres and…
JB Hi-Fi has recorded significantly lower sales on the prior corresponding period (pcp) in the first weeks of FY18 trading, outlining an expectation that the market will remain competitive heading into the Christmas trading period. In a trading update…
The companies behind the planned Hawaiki transpacific cable connecting Australia and New Zealand with the US have revealed that installation of the cable is due to commence next month. Hawaiki Submarine Cable and cable supplier TE Connectivity said the…
Growth in online shopping in Australia and New Zealand is much slower compared to some emerging markets in the Asia Pacific region, according to the recent Mastercard Mobile Shopping Survey. Emerging markets in Asia Pacific have recorded high year-on-year…
The New Zealand government plans to extend its Ultra-Fast Broadband (UFB) national fiber network to 190 more small towns. The government has announced plans to spend NZ$130 million ($93.4 million) to extend the network to 60,000 new households and businesses…
ASX-listed Flight Centre Travel Group bought two local travel firms for a combined A$19.5 million as it seeks to expand its footprint in New Zealand, making it one of the country’s biggest travel management groups. In its annual earnings published to the ASX…
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