New Zealand retailers face challenges with 2.6% decline in Core Retail spending in July 2024.
New Zealand retailers face challenges amidst low consumer confidence, with Core Retail spending down 2.6% in July 2024 vs July 2023, according to Worldline data. Retail NZ's survey reveals 71% of members failed to meet sales targets, while 42% are uncertain about their survival. Retail NZ's CEO, Carolyn Young, emphasizes the importance of cashflow and consumer support to help retailers survive.
August 05, 2024
4 Articles