Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Further Level 3 Extension Devastating For Retailers

The spread of Level 3 lockdowns is devastating news for Northland and Waikato retailers, and is causing huge concern for retailers around the country, according to Retail NZ.

“Many Auckland retailers are already on the brink of disaster after seven weeks of lockdown, and businesses in the Waikato and Northland will be bracing themselves after the expansion of Level 3 restrictions announced today,” Greg Harford, Retail NZ Chief Executive, said today. “As the Level 3 area continues to expand, businesses further south are asking if their regions will be next. This is at a time when nearly a third of retail businesses are not sure they will survive the next 12 months.

“The fact is that even Level 4 restrictions in Auckland did not effectively stop the spread of COVID-19, and the ongoing lockdowns, including the new Auckland “Roadmap” are causing economic carnage, without stopping the spread of COVID-19. It is more important than ever that we get the population vaccinated to help businesses recover. The Government should, at the very least, set a date by which vaccinations need to be completed, make it easy businesses to require their employees to be vaccinated without risking a personal grievance, and provide greater financial support for businesses through this period.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>


Serious Fraud Office: Commences Enquiries Into Allegations Of COVID-19 Wage Subsidy Fraud
The Serious Fraud Office has commenced a number of enquiries into alleged abuse of the Government’s COVID-19 Wage Subsidy. Director Julie Read said the allegations relate to multiple complex cases of potential fraud that have been referred to the agency following extensive investigations ... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>



Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>


Transpower: Releases Independent Report Into Events Of August 9
Transpower’s Chief Executive Alison Andrew has today released an independent report into the grid emergency of August 9 when insufficient generation was available to meet demand, leading to some customers being disconnected... More>>