Retail Radar report: Third Quarter 2023
Increasing costs and election uncertainty impacting retailers
Retailers were in a holding pattern during the third quarter, with issues such as inflation and increasing wage costs continuing to impact many.
The recent election also created uncertainty. However, there are positive signs ahead with more retailers expecting to meet targets in the next quarter as we move into the warmer months and the busy festive season.
It will be interesting to see what eventuates in the next Retail Radar report to 31 December 2023, particularly for those businesses that rely on strong sales to carry them through the leaner months in the middle of the year.
Download the report to read more.
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 October 2023.