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24 Feb 2020 14:35
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  •   Home > News > Business

    Bad news for retail workers

    Bad news for retail workers


    Retail NZ reports 27 per cent of retailers are planning to cut back staff as employee wages rise.

    Only 45 per cent of businesses hit sales targets this last quarter - making profit margins tight.

    Chief Executive Greg Harford says sales growth is nearly non-existent.

    He says costs are going up all over the place... and minimum wage increases means retailers are forced to find solutions.

    © 2020 Newstalk ZB, NZCity


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     Today's News

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    Golf:
    American Patrick Reed has finished strongly to claim the World Golf Championship tournament in Mexico City 14:17

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    Entertainment:
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    Law and Order:
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    Entertainment:
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    Jenna Dewan’s engagement ring was designed to “echo the cosmos” 12:29

    Rugby:
    Nick Willis concedes he may have retired, if not for this year's Olympics 12:27


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