Retail therapy

By Linda Sanders In Money

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3rd January, 2013
It’s a tale of two sales: both are looking like good buys for the purchasers, and it’s a profitable sale for one of the vendors. There’s been a lot of talk about two well-known New Zealand brands changing hands: Noel Leeming being bought by The Warehouse and Trade Me being sold by Fairfax. They’re an interesting contrast. Noel Leeming is solidly in the traditional bricks and mortar retail space. It’s been losing money during the past few years of recession, although if the 30-plus iPads a Wellington store sold on one pre-Christmas day are anything to go by, things might be looking ...

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