What’s happening in the retail sector?
Find out with Retail Radar, our quarterly research report. It’s useful for:
- Getting a snapshot of the sentiment of Kiwi retailers.
- Identifying future expectations of sales, inflation, and employment intentions.
Retail Radar report on the second quarter of 2023:
Trading challenges continue into the winter months
Many of the challenges that retailers have reported last quarter have continued into the winter months, with inflation, increasing wage costs and retail crime proving stubborn.
Inflation is affecting all areas of business while at the same time consumer spending is slowing with many shoppers having less in their pockets due to mortgage interest rates hikes, and ongoing increases in council rates and consumer goods.
The pessimistic outlook continues for the next three months, with more than half of retailers not expecting to meet targets again for in the third quarter.
We welcome all feedback on Retail Radar – if you have any comments or questions please email: firstname.lastname@example.org.