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10 Feb 2025 22:25
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  •   Home > News > Business

    Confirmation of the difficult time facing retailers

    Confirmation of the difficult time facing retailers


    Annual figures from payment processor Worldline show retail spending increased just 0.8 percent last year -- the slowest consumer spending growth in half a decade.

    The value of the average sale dropped 0.6 percent, to just over 50 dollars.

    Infometrics Principal Economist, Brad Olsen says it indicates Kiwis are doing a bit more bargain-hunting.

    He says some people are also looking for smaller items because they can't afford larger, higher-value items.

    © 2025 Newstalk ZB, NZCity

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    BUSINESS BUSINESS
    A mortgage expert says delays to lending requests may have stopped people buying homes More...



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    Environment:
    Hurricanes coach Clark Laidlaw plans to stick with his recovery plan for All Blacks hooker Asafo Aumua - who's set to miss the Super Rugby Pacific opener against the Crusaders in Christchurch 18:57


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