Consumers don't look to be full of Christmas cheer

Consumers channel the Grinch this Xmas. (Image: Getty)

Tue, 21 Nov 2023

Christmas may come early for Reserve Bank of New Zealand governor Adrian Orr if spending continues to fall, but retailers aren’t so full of cheer. A Buy NZ Made survey of small businesses indicated 64% are struggling with rising costs and 30% are struggling with cashflow and inflation.Less than half are optimistic about the Christmas period and a quarter say just staying afloat will be their focus in 2024, Buy NZ Made executive director Dane Ambler said.The Warehouse Group recently reported total sales of $713.3 million for...

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