This week in business time
Here's what's going on in the Manawatu business world.
The Co-operative Bank in Palmerston North will hand part of its profit back to customers as part of its annual rebate. Palmerston North's 5449 customers will receive a share of $81,322 as the bank gives back surplus profits. All up, the bank will hand $1.3 million in rebate payments back. Chief executive Bruce McLachlan said that was up on the $1m handed back last year. This is the Co-operative Bank's second year in operation, and it was awarded the Canstar Blue award for Most Satisfied Customers.
Awards for bakery
A Palmerston North bakery was recognised as one of the sweetest in the country at this year's New Zealand Bakery of the Year competition. New World Melody's on Broadway Ave placed third overall in the Bakery of the Year category. They took home three Gold Distinction awards, two Gold awards and two Bronze awards at last week's competition. They received the awards for their Ancient Grain Vienna and Sourdough loaves, Gluten Free Chocolate Cake, Opera Gateaux, their celebration cake and gingerbread house.
Hot for pizza
Levin residents have another option when it comes to fast food now that Domino's Pizza has opened on Oxford St. Owner Cameron Grey said customers were waiting at the door when the store opened last Friday. Grey has worked his way up through the company and was recognised as the top franchise manager in New Zealand in 2012. "Domino's has been my employer for such a long time and I have gained a lot of operational excellence within the company. I am very excited about being able to offer this same level of support to my staff."
He said he would be providing employment for 15 people.
Store takes shape
Construction has started on the Cotton On mega store in the Downtown shopping centre on Broadway Ave in Palmerston North. Store manager Rebecca Pitt said construction was progressing positively and they expected to be open in September. She said the store would be the biggest Cotton On in New Zealand.
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