Slow winter for consumer spending

NZ food and liquor stores had increased spending this winter, according to Worldline. (Image: Getty)

Wed, 06 Sep 2023

A spike in consumer spending, attributed to Father’s Day, ended what had otherwise been a slow winter for retailers on a positive note.Consumer spending data released by payments technology provider Worldline on Wednesday showed spending on its network reached $2.93 billion in August, up 5.2% on the previous year.This brought the rolling three-month winter season retail spend to $8.74b and $11.58b if hospitality providers were included.Food and liquor shops saw the biggest increase in spending, with the value of all transactions up 1...

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