Retail Radar report: Fourth Quarter 2021
Our quarterly Retail Radar report, shows that the retail sector will increase prices, supply chain impacts and dissatisfaction with the Government approach to COVID-19 continues.
Despite a small increase in sales compared to Q3, the threat of Omicron and on-going global supply chain issues will remain challenging for the retail sector.
Inflationary pressures continue, with three quarters of retailers expecting prices to rise by 7.5 per cent on average over the next three months.
The Retail NZ Sales Index recorded increases in sales for each of the last three calendar months of 2021. In total, spending was up 4 per cent for the quarter, compared to a decline of 14 per cent in the previous quarter.
Retail Radar: Retail NZ surveys retail business owners and tracks retailer sentiment over time, as well as key COVID-19 related trends. Retail Radar is your one stop shop for learning about business trends in the New Zealand retail market.
If you are interested in seeing previous versions of our Retail Radar reports, please click here.
Published by Retail NZ in January 2022.