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Fuel crisis scuppers optimism in the retail sector

Publish Date
Mon, 4 May 2026, 6:20am
The Westpac McDermott Miller Consumer Confidence Index dropped sharply in the June quarter. Photo / Sylvie Whinray
The Westpac McDermott Miller Consumer Confidence Index dropped sharply in the June quarter. Photo / Sylvie Whinray

Fuel crisis scuppers optimism in the retail sector

Publish Date
Mon, 4 May 2026, 6:20am

The fuel crisis is scuppering optimism in the retail sector. 

The latest quarterly Retail Radar Report shows rising confidence at the end of last year has turned into anxiety about the future. 

Retail NZ Chief Executive Carolyn Young told Ryan Bridge 66 percent of retailers don't expect to make their sales targets in the next quarter.  

She says 29 percent aren't certain they can survive the next year. 

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