‘Not a pretty picture' – more job squeezes on the horizon for retail sector?

(Image: Getty)

Fri, 11 Aug 2023

Retailers across the retail spectrum are struggling in a difficult market brimming with low consumer confidence, the ever-rising cost of living, and supply chain and stock headaches.But the chief economist at economic consultancy firm Infometrics said big-box retailers in New Zealand feel more pressure than most.The AFR reported earlier in the week that hardware and garden centre chain Bunnings was cutting 100 jobs from its NZ head office.Infometrics chief executive Brad Olsen told BusinessDesk that higher prices through general inflation house...

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