Your weekly pulse on retail in Australia and New Zealand. WE 23 Feb 2025 delivering a sharp, insightful recap of the biggest headlines shaping the industry.
If you're after more frequent updates about what is happening in the world of retail and CX, give us a follow on LinkedIn: RX Group
$100m Highland Park Pak’nSave bringing in more trolleys as more than 5700 people pour in
The newly opened $100M Pak’nSave in Highland Park is experiencing overwhelming demand, with more than 5,700 customers per day. The store has had to bring in additional trolleys to keep up with the influx of shoppers. Long checkout lines and a packed car park highlight the strong demand for affordable grocery options, as households continue to manage rising living costs.
Lovisa Reports Profitable First Half as Footprint Expands
Jewellery retailer Lovisa has posted a strong half-year profit, driven by an expanding global store network. The company continues to open new locations across Europe, the US, and Asia, contributing to its sales momentum. As discretionary spending shifts, Lovisa’s affordable fashion accessories remain a key drawcard for shoppers.
Woolworths NZ Earnings Up 15% as Online Sales Grow
Woolworths NZ has reported a 15% increase in earnings, with growth in online grocery sales playing a major role. The supermarket giant continues to invest in digital shopping experiences, reflecting consumer preference for convenience and flexible purchasing options. Despite cost-of-living pressures, spending on groceries remains stable.
Major Aussie Fashion Brand Collapses
Australian fashion retailer, Ally Fashion has entered administration, citing cost pressures, higher rent, and lower consumer spending. No buyer has been found, putting jobs at risk and adding to the growing list of apparel brands struggling in the current retail climate.
Comvita cuts 67 jobs, closes UK and EU offices, but could rebound in 2026
Honey and wellness company Comvita has announced 67 job cuts and the closure of its UK and EU offices, following weaker international sales. The company will refocus on core markets, including New Zealand and Asia, and expects a return to growth by 2026.
Michael Hill CEO Daniel Bracken dies
Michael Hill has announced the passing of CEO Daniel Bracken. Bracken joined the company in 2019 and had previously held leadership roles at Myer and The Just Group. His tenure at Michael Hill saw him lead the business through a period of transformation.
Off-shore online stores, Temu, Shein, 'significant worry' for NZ retailers
The rapid rise of Temu and Shein in the New Zealand market is raising concerns among local retailers, who say the ultra-low pricing and aggressive marketing strategies of these offshore e-commerce giants are making competition increasingly difficult. Local brands are calling for stronger regulations to ensure fair trading conditions.
Comments