43% of NZ retailers uncertain of survival due to slow sales, low consumer confidence, and rising costs, per Retail NZ's survey.
43% of NZ retailers are uncertain of survival in next 12 months due to slow sales, low consumer confidence, and rising costs, according to Retail NZ's quarterly survey. Pessimism has deepened, with more than 70% not meeting sales targets this quarter. Retail NZ CEO Carolyn Young states that this is traditionally the quietest time of the year for retailers, but they are struggling with sales.
July 24, 2024
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