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Sixty-one New Zealand stores closed in Jan 2026 due to weak sales, rising costs, and financial strain.
In early January 2026, 61 New Zealand retail stores, including EB Games, Miniso, and long-standing businesses like Orrs Pharmacy, announced closures or liquidations amid financial strain.
Weak holiday sales, rising costs, and depleted cash reserves are key factors, with economists warning closures may increase before recovery, driven by a "disappointment gap" where economic improvement falls short of expectations.
Retailers face added pressure from offshore competitors operating outside local regulations, and the upcoming election may delay business decisions.
While recovery is expected later in the year, conditions remain tough, especially for small retailers and construction firms.
Sesenta y una tiendas de Nueva Zelanda cerraron en enero de 2026 debido a ventas débiles, costos crecientes y tensiones financieras.