Retail NZ notes that the ERA's Jacks Hardware decision has set wages above comparable local rates.
But HTH and Mitre 10 earnings are +17% due to cost savings, integrating the two brands, closing stores.
Biggest growth in w/e 16 June is hardware & homeware (+11.5%) and furniture & flooring (+6%).
Cold snaps may be why spending on appliances spiked by more than 7% in the week ending 9 June...
Sustained growth for Hardware & Homeware spending (+11.7%) in w/e 26 May as overall growth slows.
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