Signs of a turnaround in the retail sector as sales rise. 

Stats NZ data shows sales jumped by $239 million in December, compared to the September quarter – up nearly one percent. 

The growth was driven by pharmaceuticals and other store-based retailers, as well as electronic goods and hardware supplies. 

First Retail Group Managing Director Chris Wilkinson told Mike Hosking some of this is discretionary spending which is a great sign. 

He says potential interest rate rises could have an impact in future, but they're hoping the momentum will continue. 

LISTEN ABOVE 

Signs of a turnaround in the retail sector as sales rise.&nbsp;
Stats NZ data shows sales jumped by $239 million in December, compared to the September quarter – up nearly one percent.&nbsp;
The growth was driven by pharmaceuticals and other store-based retailers, as well as electronic goods and hardware supplies.&nbsp;
First Retail Group Managing Director Chris Wilkinson told Mike Hosking some of this is discretionary spending which is a great sign.&nbsp;
He says potential interest rate rises could have an impact in future, but they're hoping the momentum will continue.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Chris Wilkinson: First Retail Group Managing Director on rising sales in the retail sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8c80dfce-dddf-463f-b3de-b3fa0138dbfc/transcript