Sluggish retail spending a wake-up call for retailers
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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 percent higher year on year.
Spending on clothes fell most - at 4.2-percent - 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.
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