Retail spending stories
Vacancy has risen across Auckland and Wellington, while retailers and landlords wait to see whether city centres can recover from lockdown losses.
Auckland landlords and developers now face slower office demand and delayed projects as COVID-19 and recession fears cloud the recovery.
Record export growth has fuelled multi-million-dollar development and sales across Hawke’s Bay, with a planned GBP £0 new berthing facility at Napier Port.
Despite Hawke’s Bay’s spending surge, Napier shops stayed empty as retail vacancies held steady in the city’s main shopping streets.
A shortage of prime CBD space has pushed Auckland retail rents to record highs and kept conditions tight until new supply arrives.
The 2016 Consumer Issues Report shows that the number of online sales in New Zealand is increasing – but also subject to plenty of complaints.
JB Hi-Fi's New Zealand earnings halved in the latest financial year as the Australian retailer's margins shrank and sales were little changed.
Retail spending using electronic cards experienced increased in the month of June, according to new data from Statistics New Zealand.
COVID-19 has changed the retail landscape, forcing stores to adapt. As the holiday season approaches, retailers must invest in digital marketing to stand out.
Despite advancements in retail technology, only 13% of shoppers trust retailers with their personal data, Zebra Technologies' study reveals.
VARs who design solutions with today's shopper expectations in mind will be best positioned to win at omnichannel says CitiXsys ANZ's Paula Da Silva.
April online retail spending in New Zealand climbed 7% year-on-year to over NZD $3 billion annually, with international merchants seeing a 14% rise.
Australian digital gift card sales hit AUD $10.9 billion, with the overall market set to reach AUD $16.8 billion by 2028, led by personalisation and B2B growth.
The report covers retail spending from Boxing Day to the back-to-school period, revealing customers holding back on discretionary spending amid rising costs.