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 first quarter of 2023:
A challenging start to 2023 for retailers.
Retailers report a challenging start to the year. The combined challenges of inflation, increasing wage costs and retail crime are hitting home for retailers across the country. Additionally, Auckland flooding and the devastating effects of Cyclone Gabrielle had localised impacts for a substantial number of retailers in the North Island.
The pessimistic outlook continues for the next three months, with almost half of retailers not expecting to meet targets again for in the second quarter.
We welcome all feedback on Retail Radar – if you have any comments or questions please email: [email protected].