Carolyn Young: Retail NZ CEO on the increasing confidence from retail businesses

The Mike Hosking Breakfast

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4d ago 3:12

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Signs of economic recovery look to be turning the dial on retailers' mood.

Retail NZ's quarterly survey finds 65% of retailers feel confident or very confident their business will survive the next 12 months.

It finds 57% think they will meet or exceed their targets for the final quarter, even after 70% failed to meet their last sales targets.

Chief executive Carolyn Young says retailers are expecting more consumer confidence from recent OCR cuts and falling inflation.

She says while sales numbers are down, there's optimism for the future.

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