Retail sales remain flat for September quarter as Black Friday looms

The best is yet to come for the retail industry, as Stats NZ’s latest Retail Trade Survey shows retail spending has again declined during the September quarter. The total volume of seasonally adjusted retail sales dropped 0.1% in the September quarter compared with the June quarter , remaining at $24 billion.

Unfortunately for the industry, this is the ninth consecutive quarter to see a drop. Ten of the 15 industries measured had lower seasonally adjusted sales volumes in the September quarter compared with June. However, it was good news for motor vehicle and parts retailing, which reported a sales volume increase of 4.



3%..