Electronics retailer Noel Leeming has “plenty of runway” left and is not for sale any time soon, according to majority-owner Gresham Private Equity.

Kathmandu's share price surged 16.7% to $2.10 after the outdoor equipment retailer said its interim earnings wouldl be 20-26% higher than last year.

Shoppers made a record number of electronic transactions on Christmas Eve but another big spend up over the Boxing Day weekend failed to eventuate.

Paymark, which processes about 70% of all Eftpos payments, said $226 million passed through its machines on Christmas Eve, $10 million more than last year.

Shoppers and retailers carried out 4.2 million transactions for the day, with a peak of 131 transactions per second between noon and 1pm – breaking all previous records, Paymark chief executive Simon Tong said.

The volume of eftpos and credit card transactions leading up to Christmas has increased by 6.7% to December 13, electronic payments provider Paymark said.

Retailer Briscoe Group looks set to double its net profit for the first half thanks to cost cutting measures and solid second quarter sales figures.

Managing director Rod Duke said the company anticipates after tax net profit of at least $6 million for the six months to July 26, compared to $3.1 million for the same period last year.

The homeware and sporting goods retailer reported unaudited sales of $185.3 million for the first half, up 1.8% on the corresponding period last year.

Same store sales in the first half rose 0.9%.

Hallenstein Glasson Holdings (HLG) have just announced they will delay moving their buying function from Christchurch to Melbourne for the immediate future, owing to the “very difficult” business and retail environment.