What’s eating the hospitality industry? New figures released
Growth in fourth quarter sales for hospitality businesses tempered by inflationary costs. Source: NZ Herald Business News
‘Soggy’ spending data points to consumers’ unwillingness to spend
High interest rate setting working to crimp consumer spending. Source: NZ Herald Business News
Venture capital funding drops for Kiwi startups
Global competition, high inflation and skills shortages cited as challenges by report. Source: NZ Herald Business News
Warriors bar’s former incarnation, Holy Hop bar, owes more than $170k to Inland Revenue
Five associated companies are also in liquidation, owing the IRD $1.7 million. Source: NZ Herald Business News
Monthly liquidations hit six-year high as Inland Revenue cracks down on struggling businesses
The number of businesses in distress is rising. Source: NZ Herald Business News
Clothing retailers bear brunt of spending slump, tourism a bright spot
Kiwis are reining in their discretionary spending. Source: NZ Herald Business News
Small business productivity took a dive in 2023, back to pre-Covid levels – report
Demand-side issues took over last year as productivity fell back to pre-Covid levels. Source: NZ Herald Business News
Small business: Jacinda Ardern’s wedding and basking in big events – how Flagship Events battled past Covid
Hawke's Bay-based company coming to the end of another busy summer season. Source: NZ Herald Business News
Snap crackle stop: Sanitarium axing 49 jobs as it discontinues some cereals
The company is planning to streamline its product range. Source: NZ Herald Business News
Hiring activity slumps in February as recession set to weigh on 2024 outlook
Job ad volumes fell again in February and are lower than pre-Covid. Source: NZ Herald Business News