Retail sales data out yesterday provided further evidence the New Zealand economy was ''ticking along nicely'', BNZ head of research Stephen Toplis said.
Three retail clothing outlets in Queenstown, Mosgiel and Invercargill have been placed in voluntary liquidation, with the total of more than $400,000 owed to 26 unsecured creditors "unlikely" to be repaid.
All future retail enterprises in Dunedin, with very few exceptions, are likely to be encouraged into existing central city or suburban retail centres under the city's new spatial plan.
The changing dynamics of retailing and recession-led volatility have been reflected in a cautionary Warehouse profit downgrade and an expectant sales and profit boost for Hallenstein Glasson.
Like the temperatures yesterday, the revenue generated by Dunedin businesses did not climb much above zero - leaving the city's services, manufacturing and retail sectors with an estimated $8 million loss.
With key tenant Countdown confirmed and more retailers being courted, a spokesman for the $125 million Five Mile Frankton Flats big box retail complex says the project is gaining momentum.
The school holidays and Easter helped boost Otago-Southland retailers' activity in April, the latest BNZ-Business New Zealand performance in services index shows.
A slump in December quarter retail sales confirms retailers' impressions of a lean Christmas, but economists are still confident the economy has better times ahead.
Connecting consumers and producers in the modern retail environment is not always easy.
Dunedin retailers reported mixed post-Christmas sales yesterday, with some saying there were fewer people around.
Otago merchants fared better than most during Boxing Day retail activity as the national volume and value of electronic transactions were down respectively 6.7% and 2.8%.
Boxing Day shopping again attracted thousands of bargain hunters to Dunedin shops, with a busy day in the city despite the aftermath of the recession.
The inconsistent application of the Holidays Act was evident in Dunedin yesterday, as Labour Day public holiday surcharges at cafes and restaurants ranged from 20% to nothing.
Australian stores have launched a new assault on Dunedin retailing.
Otago businesses were as busy as they looked on the eve of the GST increase.
'For lease', 'closing down' and 'we have moved' signs have been common on Dunedin streets recently, as have fresh faces. Retail reporter Ellie Constantine investigates.
Forsyth Barr was maintaining a positive view on four listed retailers, believing they still offered attractive long-term value, broker Suzanne Kinnaird said.
No decision has yet been made on the future of a McDonald's restaurant in Hartstonge Ave, Mosgiel, but the company said yesterday it was still committed to opening in the suburb.
Press your face up to this vending machine, and savour the selections. With some items costing $US400 ($NZ570), chances are you won't have the change in your pocket. But not to worry - credit cards are accepted.
Wet weather may have been the perfect excuse for many to hibernate indoors yesterday, but big sale discounts drew others into town.