Insight from inside the walls of New Zealand’s remaining department stores.
Growth in the market had been put on the backburner this year.
Board hopes to be cashflow positive by next year but declines to share projections.
The Warehouse and Costco are rivals one kilometre from each other in west Auckland.
Total revenue dropped from $725m to $719m.
The share price has dropped over 27% since the start of the year.
The ‘lipstick index’ is in play, according to IRI pharmacy data.
Crime and economic uncertainty may require a fresh approach to retail.
Times in which prices frozen double, and processes to approve price hikes elongated.
The dual-listed jeweller reviews organic and acquisition growth opportunities.