Local retailers take festive cheer

Since the beginning of 2015 the New Zealand dollar has dropped in value by 13 per cent against the US dollar. This bodes well for local retailers this festive season in the face of the increased cost of online shopping. Retail NZ is anticipating $17.1 billion in core retail spending for October to December, up from $16.25 billion on the year prior. Retail NZ spokesman, Greg Harford, pointed out that the anticipated price hike by local retailers on imported wares is not likely to go up before Chr

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