NZ retail by the numbers
Data courtesy of Retail NZ and Stats NZ
Kiwis spend almost $100 billion with retailers. Experts say it will be up to $120b by 2030.
About a quarter of the country’s 55,000 retail businesses started up in the past two years.
Almost half exit within five years, because they find the effort outweighs the financial rewards.
Lots of retailers find profit margins tight and are exploring ways to grow their income.
Just about all business owners (not just retailers) say they wish they could work faster.
Retailers say they mostly get a kick out of being in business and learning on the job.
Chapter 2: Buying and managing stock
Most retailers have to buy and pay for inventory before they can sell it. Let’s look at how that works, and what sorts of challenges it presents.Read chapter 2