There's a belief sluggish retail spending is a reminder retailers need to stick to the basics.

Stats NZ says core retail spending last month was only 0.4% higher year on year.

Spending on clothes fell the most at 4.2% – its fourth straight decrease.

First Retail Group Managing Director Chris Wilkinson told Ryan Bridge retailers have to be hungry in the market with strong retail disciplines, but he understands it's tough. 

He says rising costs and distribution has made things challenging for retailers. 

LISTEN ABOVE

There's a belief sluggish retail spending is a reminder retailers need to stick to the basics.
Stats NZ says core retail spending last month was only 0.4% higher year on year.
Spending on clothes fell the most at 4.2% – its fourth straight decrease.
First Retail Group Managing Director Chris Wilkinson told Ryan Bridge retailers have to be hungry in the market with strong retail disciplines, but he understands it's tough.&nbsp;
He says rising costs and distribution has made things challenging for retailers.&nbsp;
LISTEN ABOVE

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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

Chris Wilkinson: First Retail Group Managing Director on sluggish retail spending

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/443cddaf-cff8-46d1-b175-b488012c9c84/transcript