Furniture & appliance retailer Smiths City Group Ltd plunged to a $7.2 million loss for the year to April although its revenue fell only 5.1%. In its result announcement on Friday, the company reaffirmed its commitment to transformation and said it would accelerate the pace of change. The company closed 2 stores & one clearance […]
The next tectonic shift in retailing has been unveiled in Shanghai, where e-commerce company JD.com has built a warehouse that can organise, pack & ship 200,000 orders/day.
Australian retailer Woolworths Group Ltd, owner of the Countdown supermarket chain in New Zealand, made some big profit gains across the Tasman in the December half-year but stumbled on this side.
Auckland International Airport Ltd announced a partnership with German global technology service provider AOE GmbH yesterday, to create a “multi-retailer mall” which will enable international travellers to buy retail products & airport services via mobile phone & online.
America’s big retail chains are snipping off large chunks of mainstreet retail space as shoppers continue to head online. And, in what used to be prime retail space on Queen St in Auckland, discount shops were promoting pre-Christmas sales.
The wave of foreign retailers coming to New Zealand will keep growing, CBRE researchers in Australia & locally have found. Their biggest target is also foreign – the spend by Chinese tourists in New Zealand has risen from $770 million 2 years ago to $1.7 billion.