They are some of the biggest industries affected by a slumping economy, so how are they holding up in 2025? 

Unemployment and inflation have both risen in the latest updates, foot traffic in the Wellington CBD is still down, and both sectors are about to be stung with increased costs as the government bans contactless payment surcharges.

So, how are retail and hospitality operators feeling, and are they hopeful for something of an economic recovery by year's end? 

To answer those questions, Hospitality NZ chief executive Steve Armitage and Reatil NZ chief executive Carolyn Young joined Nick Mills for the Business Panel.

LISTEN ABOVE

They are some of the biggest industries affected by a slumping economy, so how are they holding up in 2025?&nbsp;
Unemployment and inflation have both risen in the latest updates, foot traffic in the Wellington CBD is still down, and both sectors are about to be stung with increased costs as the government bans contactless payment surcharges.
So, how are retail and hospitality operators feeling, and are they hopeful for something of an economic recovery by year's end?&nbsp;
To answer those questions, Hospitality NZ chief executive Steve Armitage and Reatil NZ chief executive Carolyn Young joined Nick Mills for the Business Panel.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Business Panel: Hospitality NZ CEO Steve Armitage and Retail NZ CEO Carolyn Young

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f815bfab-aba8-4775-b143-b336000aa6b3/transcript