Carolyn Young: Retail NZ CEO on the state of the retail sector and the impact of Easter

The Easter break could see the retail sector get a much-needed boost.  The sector has seen eight quarters of declining sales, kiwis tightening their spending as the cost-of-living crisis continues.  Retail NZ’s CEO Carolyn Young told Mike Hosking that 85% of stores are struggling, 15% doing okay.  She said that small pockets of businesses will be doing well over the weekend, those with exemptions to the Easter trading regulations.  Regional areas for example, Young said, will have higher and more consistent trading as they’re going to be open all weekend versus other stores that are closed for Friday and Sunday.  LISTEN ABOVE See omnystudio.com/listener for privacy information.