Retailers still resigned to doing it tough

Retailers have been struggling through the omicron outbreak. (Image: BusinessDesk)

Tue, 12 Apr 2022

Retailers certainly aren't expecting the quarantine-free arrival of Australians and fewer covid-19 restrictions to be a silver bullet for the ailing sector. They were the most pessimistic of all sectors surveyed by the New Zealand Institute of Economic Research in the March quarterly survey of business opinion, with a net 60% of retailers surveyed expecting a deterioration in general economic conditions over the coming months, or 44% on a seasonally-adjusted basis. In December a net 4% expected a deterioration. This is despite the...

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