Michael Hill International's half-year profits have plunged 66 per cent on the previous period, but the jeweller is reasonably pleased with the result in tough trading conditions. Revenue in the half increased 7.9 per cent to $NZ244.8 million ($A192.0 million), same store sales were up 4.5

The third retailer in a week has upgraded its trading forecast following the crucial Christmas trading period, lifting hopes the retail sector is gaining strength without the benefit of last year's economic stimulus package. The improving outlook could prompt department store owners David

THE hardware retailer Mitre 10 could choose between a long-term wholesale partner in Metcash or a short-term partner in the private equity group Anchorage Capital Partners, the Metcash chief executive, Andrew Reitzer, said yesterday. Mr Reitzer said negotiations with the hardware group for...

UPHEAVAL and confusion caused by a strategic review helped a Clive Peeters employee allegedly steal $19.4 million from the company and invest it in real estate. ''There was so much structural change going on,'' managing director Greg Smith said at yesterday's annual meeting. ''It created...