"There's hope": Retailers 'cautiously optimistic' spending bounce back will continue
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Retailers are optimistic a bump in spending will stick around.
Latest Stats NZ data on electronic card transactions shows July's core retail spending is up 3.5% compared to the same time last year.
Retail NZ says it's an encouraging sign considering the winter months are typically slower for the sector.
Communications Manager Denise Garland told Mike Hosking the FIFA World Cup was likely a big factor in the positive hospitality numbers.
She says it’s been a rocky year for retail, but they’re seeing more people out and about and in cafes and restaurants, so there’s hope the bounce will continue.
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