Despite a string of recent receiverships and Kiwis continuing to shop overseas, New Zealand retail sales are growing. In the year to June, retail growth was up 3.7 per cent, outpacing economic growth at 2.7 per cent. McGrathNicol Partner Conor McElhinney said the doom and gloom about retail was unfounded, and recent upsets in New Zealand’s retail market such as Topshop, David Lawrence, Marcs, and Pumpkin Patch going under, had nothing to do with overall retail sales.
