Retail Radar report: Fourth Quarter 2022
Mixed results in Christmas quarter
The peak Christmas season produced mixed results for retailers, with a mostly pessimistic outlook for 2023.
Inflationary pressures continue and will likely translate into further price increases in 2023.
30 per cent of respondents indicated that they are not confident their businesses will survive the next 12 months. While this is a slight improvement from previous quarters, it does demonstrate the seriousness of challenges faced by the sector.
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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.
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Published by Retail NZ in January 2023.