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Business

Business news is presented by

A message from our sponsor: At Malloch McClean +MORE we're more than great accountants. For over 90 years, we have been helping New Zealanders build enduring wealth through successful business. Our experienced team can help you grow all areas of your business and will challenge you to succeed. Talk to us today and find out how we can help you build a smarter, better business. Contact Phone: 214 4166 Website: https://www.mmca.co.nz/

Torpedo7 Closes Multiple Stores as Ownership Changes
Torpedo7 Closes Multiple Stores as Ownership Changes
Business   -   Jun 30, 2024

Update: We reached out to T7 for comment on Thursday afternoon and are yet to hear as at 15/6/2024. Related: Hello, Goodbye to Invers businesses Torpedo7 is closing at least four stores, including locations in Invercargill and Nelson in the South Island, and Palmerston North and Porirua in the North

Laybuy Suspends Services Amid Financial Struggles
Laybuy Suspends Services Amid Financial Struggles
Business   -   Jun 15, 2024

Laybuy, a Kiwi buy-now-pay-later (BNPL) operator, has suspended its payment services, leaving merchants in a lurch. Founded in 2017 by Gary Rohloff, a seasoned retailer who previously managed brands like Number One Shoes, Warehouse Stationery, and Ezibuy, Laybuy aimed to provide a safe and easy alte

Hundreds Turn Out For Evo Cycles Opening Day
Business   -   Jun 30, 2024 Hundreds Turn Out For Evo Cycles Opening Day

One of New Zealand’s biggest cycle retailers officially opened its doors in Invercargill last weekend. This was Evo Cycles 32nd store after the company purchased the Gala Street corner site from Graham Williamson X-Factor performance cars before Christmas. Harcourts commercial property broker Carl J

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Hundreds Turn Out For Evo Cycles Opening Day
Hundreds Turn Out For Evo Cycles Opening Day
Business   -   Jun 30, 2024

One of New Zealand’s biggest cycle retailers officially opened its doors in Invercargill last weekend. This was Evo Cycles 32nd store after the company purchased the Gala Street corner site from Graham Williamson X-Factor performance cars before Christmas. Harcourts commercial property broker Carl J

Torpedo7 Closes Multiple Stores as Ownership Changes
Torpedo7 Closes Multiple Stores as Ownership Changes
Business   -   Jun 30, 2024

Update: We reached out to T7 for comment on Thursday afternoon and are yet to hear as at 15/6/2024. Related: Hello, Goodbye to Invers businesses Torpedo7 is closing at least four stores, including locations in Invercargill and Nelson in the South Island, and Palmerston North and Porirua in the North

Laybuy Suspends Services Amid Financial Struggles
Laybuy Suspends Services Amid Financial Struggles
Business   -   Jun 15, 2024

Laybuy, a Kiwi buy-now-pay-later (BNPL) operator, has suspended its payment services, leaving merchants in a lurch. Founded in 2017 by Gary Rohloff, a seasoned retailer who previously managed brands like Number One Shoes, Warehouse Stationery, and Ezibuy, Laybuy aimed to provide a safe and easy alte

Young Reflections Still Going Strong After 32 Years
Young Reflections Still Going Strong After 32 Years
Business   -   Jun 12, 2024

Invercargill has many hidden gems and Young Reflections games and toy shop is one of those. Celebrating 32 years in business this year, owner Joy Brown is a strong believer in shopping local, and has many loyal customers who continue to support her. “But we’re still getting people in here where it’s

Amalgamated Builders Earns Top Honours for Invercargill Central Development
Amalgamated Builders Earns Top Honours for Invercargill Central Development
Business   -   Jun 11, 2024

Amalgamated Builders Ltd (ABL) is delighted with its recent success at the 2024 New Zealand Commercial Project Awards, held in Wellington last week. ABL’s ambitious urban redevelopment project in Invercargill’s CBD has been honoured with a prestigious Gold Award, the National Category Winner award f

Huge Commitment To Jesco Hydraulics Recognised
Huge Commitment To Jesco Hydraulics Recognised
Business   -   Jun 05, 2024

Jesco Hydraulics acknowledged 14 of its long-service staff members with a special function last week. Between them they have 294 years of knowledge and experience, and it was their loyalty to the company that was recognised. “it’s quite unheard of to have so many staff with such a long tenure with t

SBS Bank Reports Strong Growth, Aiding More Kiwis in Homeownership
SBS Bank Reports Strong Growth, Aiding More Kiwis in Homeownership
Business   -   Jun 05, 2024

SBS Bank has announced another successful year of growth, aiding a record number of Kiwis in purchasing homes. The SBS Group, including SBS Insurance, SBS Wealth, and Finance Now, reported a pre-tax surplus of $56.6 million for the year ending 31 March 2024, reflecting a $5.1 million or 10% increase

Southland Foundation Launched to Foster Community Giving and Lasting Change
Southland Foundation Launched to Foster Community Giving and Lasting Change
Business   -   Jun 03, 2024

Southland Foundation was officially launched this evening in Invercargill, with Sir Stephen Tindall speaking at the event. Sir Stephen shared his support for Community Foundations Aotearoa New Zealand and his philanthropic journey. Reflecting on his involvement, he remarked, “Philanthropy is not jus

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