I write regarding the proposed closure of the PostShop in Mana (June 3).
As a long-time resident, the shop’s current financial position has been engineered by New Zealand Post.
First, if you empty the shop of product to sell, you sell less, revenue falls, and it becomes unprofitable.
If New World stopped selling strawberry jam, it could very quickly find that it sells none, so the jam was not worth stocking.
Second, Kiwibank over-thecounter work appears to be subsidised by New Zealand Post customers.
For example, you cannot use your credit card at New Zealand Post to buy mobile phone top-ups.
Presumably the reason is Kiwibank processes credit cards for New Zealand Post, and charges too much commission.
You can do these same transactions on your credit card at many other retailers, which don’t use Kiwibank to process the credit cards.
I don’t know how serious New Zealand Post is about finding a replacement local home for the branch, given its reluctance to reveal margins and profitability, and insistence both New Zealand Post and Kiwibank services must be offered by the same business, in the same location.
And presumably the lucky retailer will have to switch to Kiwibank to process credit cards as part of the deal.