Postie Plus Group, the clothing retailer whose shares have fallen 29 percent this year, said third-quarter sales fell 14 percent after seasonal stock was disrupted by problems at its third-party distribution centre. Sales from continuing operations fell to $19.4 million in the February-to-April quarter, from $22.6 million in the same period a year earlier, the Auckland-based company said in a …

New Zealand Invoice Financier, Working Capital Solutions, has expanded into Australia with the opening of a Sydney office. Supported by one of the industry’s most experienced authorities, Australian Greg Charlwood, this locally owned business is cited to be a major new player. In the last seven years, the factoring industry in Australia has grown by over 82 percent, yet it …

New Zealand property values held their annual pace of growth last month, as demand outstripped supply in Auckland and Christchurch, according to state valuer Quotable Value. National property values increased 7.1 percent in the 12 months ended May 31, matching the annual pace for April, the agency said in a statement. Property values increased 1.7 percent in the three months …