New Zealand retailers are facing considerable economic pressure as they transition from summer to winter in 2024. According to Retail NZ’s latest Retail Radar quarterly survey, a significant portion of the sector is grappling with a combination of inflation, rising costs, and declining consumer confidence.Carolyn Young, Chief Executive of Retail NZ, expressed concerns about the current market conditions: “The post-election optimism recorded in the Retail Radar survey at the end of 2023 has dissipated as retailers struggle with inflation and soaring costs. Skyrocketing insurance costs and a lack of consumer confidence are impacting heavily on profitability.”The survey indicates that 64%…
Jewellery New Zealand is part of Loupe Media Network