“A turnaround in the economy can't come soon enough for the retail sector, so we are delighted at the Reserve Bank’s decision today to cut the OCR to 3%,” Retail NZ Chief Executive Carolyn Young says.

“A turnaround in the economy can't come soon enough for the retail sector, so we are delighted at the Reserve Bank’s decision today to cut the OCR to 3%,” Retail NZ Chief Executive Carolyn Young says.

“A turnaround in the economy can't come soon enough for the retail sector, so we are delighted at the Reserve Bank’s decision today to cut the OCR to 3%,” Retail NZ Chief Executive Carolyn Young says.

Stats NZ’s Electronic Card Transactions for July shows a small increase in ‘total core retail’ spending compared to June (seasonally adjusted monthly values).

Banning surcharges will improve the retail experience for customers but risks prices being increased to cover the costs of accepting credit card payments, Retail NZ says. 

Retailers across New Zealand are showing renewed confidence in the face of ongoing economic challenges, according to the latest Retail Radar report from Retail NZ.

“The calibre of the Award finalists demonstrates the talent and innovation of our retail sector. There is amazing work going on across the Aotearoa, and we’re proud to acknowledge the outstanding efforts of these...

“Retail payments are a contentious area for retail businesses. We have called for changes in the system, to make it easier for retailers to understand and to enable them to provide better customer experiences and for...

Retail card spending figures for June 2025 show that the retail sector is continuing to face challenges, Retail NZ Chief Executive Carolyn Young says.