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Retail NZ - Latest News [Page 1]
Retail Spending Still Down In September Quarter
Monday, 14 October 2024, 11:19 am | Retail NZ
Consumer confidence is key right now and retailers are hearing that consumers are worried about their job security and only purchasing the essentials” says Carolyn Young, Chief Executive at Retail NZ. More >>
Retail NZ Hopes Rate Cut Brings Christmas Cheer
Wednesday, 9 October 2024, 3:09 pm | Retail NZ
“We are delighted at the Reserve Bank’s decision to cut the OCR by 50 basis points to 4.75%,” Retail NZ Chief Executive Carolyn Young says. More >>
Retail Sector Continues To See Decline In Retail Sales
Thursday, 3 October 2024, 2:42 pm | Retail NZ
The data for September 2024, released today, shows consumer spending with Core Retail merchants (excluding Hospitality) in its payments network was down 3.4% compared with September 2023. More >>
Facial Recognition Trial Shows Promise In Fighting Retail Crime
Sunday, 29 September 2024, 7:15 am | Retail NZ
The trial ended earlier this month with early results showing positive signs of reducing harm to the supermarkets’ staff. The trial was in place for six months across 25 New World and PAK’nSAVE stores in the North Island. More >>
Retail NZ Included In Ministerial Advisory Group On Retail Crime
Wednesday, 18 September 2024, 12:11 pm | Retail NZ
Retail crime is an issue that Retail NZ has been working on for several years and the association has a number of projects underway. More >>
Soft Retail Sales Continue In August
Sunday, 15 September 2024, 11:05 pm | Retail NZ
The Worldline retail spending data through core retail merchants for August 2024 shows soft retail spending with a decrease 0.5% year on year for the month. More >>
Consumer Confidence Slowly On The Rise
Friday, 13 September 2024, 10:47 pm | Retail NZ
Consumer confidence has improved again in August for the second month in a row, but it is still a long way off average levels of the last decade. More >>
Bill Provides Gift Card Certainty
Thursday, 12 September 2024, 2:02 pm | Retail NZ
The Fair Trading (Gift Card Expiry) Amendment bill provides retailers with 18 months to put in place new systems to comply with new legislation providing a minimum three-year expiry date on all gift cards. It is expected that the new three-year term will be ... More >>
Retail NZ: August Electronic Card Transactions
Thursday, 12 September 2024, 11:50 am | Retail NZ
The electronic card transactions for August have shown a slight increase of 0.2% when comparing August and July 2024 seasonally adjusted data. However, the year-on-year comparisons shows we are still down 4.6% compared to August 2023 and the number of ... More >>
Quarter 2 Showcases Challenges In Retail Sector
Friday, 23 August 2024, 8:08 pm | Retail NZ
The announcement today continues the trend of recent months and aligns with Retail NZ’s recent Retail Radar quarterly survey which showed that 71% of members failed to meet sales targets last quarter and 42% of retailers are uncertain if they can ... More >>
Retail NZ Welcome The OCR Rate Cut
Wednesday, 14 August 2024, 3:25 pm | Retail NZ
Official Cash Rate cut by 0.25%, hopeful of relieving pressure for retailers More >>
Retail Sector Continues To Battle Low Consumer Confidence
Monday, 5 August 2024, 11:08 am | Retail NZ
Glimmers of improvements in the economy are on the horizon but the latest spending data from Worldline shows that retailers are struggling right now, according to Retail NZ. More >>
Retail Sector Pessimism Deepens
Wednesday, 24 July 2024, 10:15 am | Retail NZ
Retail NZ’s quarterly ‘temperature check’ shows that tough economic conditions have continued to impact retail sales and confidence through the second quarter of 2024 (April-June). More >>
Global IT Outage Update Saturday Morning
Saturday, 20 July 2024, 8:36 am | Retail NZ
This is still a live issue that will continue to develop over the weekend and it emphasizes how much we rely on technology and the cloud to enable us to go about our daily activities. More >>
Global IT Outage Causing Challenges For Retailers
Saturday, 20 July 2024, 4:54 am | Retail NZ
We are hearing a number of technical payment issues with supermarkets who are still trading this evening. It appears that transactions via Eftpos are completing, however contactless and credit transactions are intermittent” reports Carolyn Young, Chief ... More >>
Retailers Relieved As Inflation Slows
Wednesday, 17 July 2024, 4:52 pm | Retail NZ
We hope this will translate into a turnaround in consumer confidence and a greater willingness to support local retail businesses. More >>
Retailers Are Continuing To See Declining Sales
Friday, 12 July 2024, 12:49 pm | Retail NZ
Stats NZ’s latest Electronic Card Transactions shows a –4.9% fall in retail spending compared to June 2023. This follows a –1.6% fall in May, compared to the same month of 2023. More >>
Retail NZ Welcomes Government Focus On Retail Crime
Thursday, 11 July 2024, 2:03 pm | Retail NZ
Retail crime is a significant issue in New Zealand, impacting more than 92% of retailers. Retail NZ released a Crime Report in October 2023 that found the cost of retail crime to its members was well over $2.6 billion a year. More >>
Woolworths’ Crime Statistics Concern Retail NZ
Wednesday, 10 July 2024, 9:56 am | Retail NZ
The continuing increase in physical assaults recorded by Woolworths New Zealand is distressing but highlights the real dangers facing all retail workers, Retail NZ says. More >>
Retail Wages Show Small Increase
Thursday, 27 June 2024, 4:14 pm | Retail NZ
The average wage in retail has climbed just 2.8% in the last year, to $29.68 an hour, according to Retail NZ’s latest Wages Guide. More >>
