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flag New Zealand's retail sales fall 4.25% as tourism lags and consumer confidence wavers.

flag New Zealand's retail sector faces challenges with February 2025 sales down 4.25% from the same period in 2024, partly due to tourism being at 80% of pre-pandemic levels and a 20-25% drop in cruise tourism. flag Unemployment and reduced consumer confidence further strain retailers. flag Despite these issues, retail spending showed a 0.3% increase in February compared to January, with the apparel sector leading the growth.

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