Game of retail: most businesses are facing a softer outlook

Results reveal a tough year for retailers and customers. (Image: Getty)

Wed, 04 Oct 2023

The economic horizon looks set to get gloomier before it gets brighter for New Zealand’s listed retailers.Retailers across NZ’s market have now reported their full-year or half-year results for the 2023 financial year, and the biggest thing all of them have in common is how much the cost-of-living crisis has whacked them in the guts.Weet-Bixgate did a good job of distracting from The Warehouse’s dismal full-year earnings last Thursday, but it wasn’t quite enough to take the sting out of the big box, reporting a 66.%...

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