As the country’s economy continues to take a hit, one of the biggest sectors to struggle has been retail.
Figures over the last few quarters have consistently shown low spending on retail as Kiwis prioritise where they put their money.
There’s the closure of physical TradeAid stores, the sale of Torpedo7, the closure of TheMarket.com, and now the end of Auckland icon Smith and Caughey’s and the Flybuys loyalty scheme.
So amidst a struggling economy, is there a way for retail to survive, or is the long-awaited end of the brick-and-mortar store finally coming to fruition?
Today on The Front Page, First Retail's Chris Wilkinson joins us to discuss the challenging times for the retail sector.
Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.
You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.
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