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flag New Zealand retail sales fall 4.25% in February as tourism and consumer confidence lag post-pandemic.

flag New Zealand's retail sector faces challenges as February sales dropped 4.25% compared to the same month last year, partly due to tourism being only at 80% of pre-pandemic levels and cruise tourism down by 20-25%. flag Growing unemployment and lower consumer confidence also impact retailers. flag Despite these issues, retail spending saw a 0.3% increase from January to February, with clothing sales rising the most.

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