Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Next three days absolutely critical for retailers

Media release
Newmarket Business Association
Sunday, 21 December 2008

Next three days absolutely critical for retailers

“The next few days are critical for retailers across the country desperate to get some points on the board after a year that’s gone from bad to worse,” says the head of Auckland’s leading retailing district.

“We need Monday, Tuesday and Wednesday to deliver shoppers. Last time Christmas was on a Thursday those three days were huge but we’re mindful that was in 2003 when the economy was rocketing and house prices in Auckland went up nearly 20%,” says Cameron Brewer, general manager of the Newmarket Business Association.

“It’s becoming increasingly clear that people have not just cut back on the money they’re spending but on the number of people they’re buying for.

“So far we’ve seen busy streets and shops, but we’re not seeing the long queues for the counters and the gridlocked car parks.

“With many retailers forced into sale mode, with operating costs up and the dollar down, the margins this Christmas are very tight. Retailers know they need a strong Christmas, because by all accounts 2009 is going to be a very difficult year.”

“We have marketed Newmarket in the lead up to Christmas more than ever before. We’ve now got our fingers crossed that this much talked-about last minute rush will eventuate. If there ever was 72 hours when the cash registers needed to ring long and loud it was now,” says Mr Brewer.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>

Serious Fraud Office: Commences Enquiries Into Allegations Of COVID-19 Wage Subsidy Fraud
The Serious Fraud Office has commenced a number of enquiries into alleged abuse of the Government’s COVID-19 Wage Subsidy. Director Julie Read said the allegations relate to multiple complex cases of potential fraud that have been referred to the agency following extensive investigations ... More>>

Environment: Preliminary Environmental Data On New Zealand’s Air Quality Released Today

The Ministry for the Environment and Stats NZ have published the Our air 2021: preliminary data release today. We are currently working to revise the Our air 2021 report to incorporate analysis of the World Health Organization (WHO) 2021 air quality guidelines that were released on 23 September 2021... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>

Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>

Transpower: Releases Independent Report Into Events Of August 9
Transpower’s Chief Executive Alison Andrew has today released an independent report into the grid emergency of August 9 when insufficient generation was available to meet demand, leading to some customers being disconnected... More>>