NZ Fashion Week cancelled for 2024 due to ecomonic downturn
"The reality is that consumer confidence is at an all-time low and the fashion retail industry has been particularly affected," organisers say.
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"The reality is that consumer confidence is at an all-time low and the fashion retail industry has been particularly affected," organisers say.
'"The reality is that consumer confidence is at an all-time low and the fashion retail industry has been particularly affected," organisers say.
It comes after 230 companies failed in March.
The number of people behind on their debt repayments crept back up in March, as borrowers continue to feel the pressure of high interest rates and living costs.
Businesses and consumers are being warned to beware when lending or advancing payments to businesses, with many thousands of businesses carrying undisclosed tax debts.