Retail Radar report: First Quarter 2024
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Winter blues hit early for retailers
At the end of a slow summer of trading, retailers are not feeling positive about their business prospects as they head into winter.
A whopping 64% of retailers surveyed did not meet sales targets in the first quarter of the year, and almost a third of businesses are unsure whether they will survive the next 12 months.
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Retail Radar: Retail NZ surveys retail business owners and tracks retailer sentiment over time. Covering current sales data and future expectations of sales, inflation and key issues. Retail Radar is your one stop shop for learning about business trends in the New Zealand retail market.
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Published by Retail NZ in April 2024.