Retail spending bounced back after the lockdown but shops still face a challenging road ahead. (Video first published on May 27)Over 40 per cent of retailers are struggling to get the stock they need, according to the latest Retail NZ survey. Harford said June was relatively positive for retailers but the long-term impact of Covid-19 still loomed large for businesses and shoppers. Kiwis are obviously not going overseas at the moment, so they might be looking to spend a little more here, on their homes and on discretionary spending,” Harford said. Supplied Retail NZ chief executive Greg Harford said businesses were feeling positive for the next 12 months.

Source: Stuff July 07, 2020 00:23 UTC