Shoppers are expected to be hit in the pocket, with prices tipped to rise over the next three months
Shoppers are expected to be hit in the pocket, with prices tipped to rise over the next three months 5 April 2021
Retail New Zealand has released its latest Sales Index.
Chief Executive Greg Harford says around two-thirds of members expect to see prices increase over the next quarter.
He says there are significant inflationary pressures, as the cost of procurement and freight increase, and the cost of employing staff goes up.
Greg Harford says retailers operate on very thin margins, so when you have big cost increases, retailers need to pass these on.
New Zealand Swimmer Zac Reid is hopeful a men s 200 metre freestyle relay team could be on the cards for the Tokyo Olympics
New Zealand Swimmer Zac Reid is hopeful a men s 200 metre freestyle relay team could be on the cards for the Tokyo Olympics 5 April 2021
With the national swimming championships kicking off tonight on Auckland s North Shore, Reid says a group of athletes are focusing on the 200 metre free race.
He hopes to personally do well, but concedes the goal is for a team of swimmers to all meet the qualifying time.
Zac Reid has already qualified for the Tokyo Olympics in the men s 800 metre freestyle.