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Carolyn Young: Retail NZ CEO on the state of the retail sector and the impact of Easter
The Easter break could see the retail sector get a much-needed boost.\xa0
The sector has seen eight quarters of declining sales, kiwis tightening their spending as the cost-of-living crisis continues.\xa0
Retail NZ\u2019s CEO Carolyn Young told Mike Hosking that 85% of stores are struggling, 15% doing okay.\xa0
She said that small pockets of businesses will be doing well over the weekend, those with exemptions to the Easter trading regulations.\xa0
Regional areas for example, Young said, will have higher and more consistent trading as they\u2019re going to be open all weekend versus other stores that are closed for Friday and Sunday.\xa0
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