1 00:00:00,120 --> 00:00:03,720 Speaker 1: More insight speaking of retail into our retail sector, blow 2 00:00:03,800 --> 00:00:05,559 Speaker 1: me down. If there isn't light at the end of 3 00:00:05,600 --> 00:00:08,960 Speaker 1: the tunnel, vibe. Almost two thirds of retailers now confident 4 00:00:09,039 --> 00:00:11,240 Speaker 1: or very confident their businesses will survive for the next 5 00:00:11,240 --> 00:00:14,080 Speaker 1: twelve months. That's a seven percent increase from June. Number 6 00:00:14,080 --> 00:00:17,279 Speaker 1: of retailer expecting to meet or beat the Q four targets. 7 00:00:17,280 --> 00:00:20,279 Speaker 1: That's nearly doubled. Retail New Zealand do CEO Carolyn Young 8 00:00:20,640 --> 00:00:23,680 Speaker 1: is with us. Carolin, good morning, we an Mike, how 9 00:00:23,680 --> 00:00:26,080 Speaker 1: are you this morning? Very well? Indeed, thank you champagne? 10 00:00:26,160 --> 00:00:26,800 Speaker 1: Or too early? 11 00:00:29,480 --> 00:00:32,239 Speaker 2: Maybe too early? I think let's just keep it on 12 00:00:32,520 --> 00:00:35,239 Speaker 2: ice and pop the cork when we actually see the 13 00:00:35,360 --> 00:00:39,640 Speaker 2: sales numbers list. I think that would be the wise 14 00:00:39,720 --> 00:00:42,400 Speaker 2: thing to do. But it is great to have some 15 00:00:42,440 --> 00:00:45,920 Speaker 2: optimism obviously reflecting the economic numbers that have been coming 16 00:00:45,960 --> 00:00:48,840 Speaker 2: out recently, and we just really now need to see 17 00:00:48,840 --> 00:00:52,840 Speaker 2: the consumer confidence turn around so that that optimism will 18 00:00:52,840 --> 00:00:53,680 Speaker 2: turn into sales. 19 00:00:53,960 --> 00:00:56,120 Speaker 1: Is this literally come from one cash rate in the 20 00:00:56,240 --> 00:00:58,280 Speaker 1: possibility of another one? Is it that simple? 21 00:01:00,840 --> 00:01:02,920 Speaker 2: Look obviously we've had a couple of cash rates, and 22 00:01:04,319 --> 00:01:07,080 Speaker 2: you know the knowledge that inflation now is within the 23 00:01:07,160 --> 00:01:10,040 Speaker 2: right band, and that we do see the way forward. 24 00:01:10,520 --> 00:01:13,920 Speaker 2: Up until recently, you know, it had been a pretty 25 00:01:14,000 --> 00:01:16,360 Speaker 2: dark tunne on as you say, we can now see 26 00:01:16,440 --> 00:01:17,760 Speaker 2: life at the end of the tunnel, and we can 27 00:01:17,800 --> 00:01:20,240 Speaker 2: see that in six or nine months time we should 28 00:01:20,280 --> 00:01:23,000 Speaker 2: have turned the corner and be right out of the 29 00:01:23,440 --> 00:01:24,280 Speaker 2: end of this procession. 30 00:01:24,880 --> 00:01:28,200 Speaker 1: Because people, here's my take on humanity. No matter what 31 00:01:28,280 --> 00:01:30,440 Speaker 1: difficulties we have, and we do have difficulties and we 32 00:01:30,480 --> 00:01:33,039 Speaker 1: will for a while. Yet people are desperate to be happy, 33 00:01:33,040 --> 00:01:35,080 Speaker 1: aren't they. When you've been miserable for several years, you 34 00:01:35,120 --> 00:01:37,760 Speaker 1: want to be happy. That's what drives sales essentially, isn't. 35 00:01:37,560 --> 00:01:42,800 Speaker 2: It absolutely absolutely that positivity and that wanting to catch 36 00:01:42,880 --> 00:01:44,560 Speaker 2: up with friends, go and have a coffee, have a 37 00:01:44,600 --> 00:01:46,280 Speaker 2: look around the shops, that sort of thing. Just that 38 00:01:46,800 --> 00:01:51,600 Speaker 2: energy enthusiasm. And if you feel uncertain about your future, 39 00:01:51,640 --> 00:01:54,840 Speaker 2: about your job, you know how you're going to pay 40 00:01:54,880 --> 00:01:57,080 Speaker 2: your bills, you're not going to do those things. But 41 00:01:57,120 --> 00:01:59,920 Speaker 2: if you're a consumers are more confident around those things 42 00:02:00,000 --> 00:02:03,240 Speaker 2: because the economy is stronger, there a certainty around your 43 00:02:03,280 --> 00:02:05,640 Speaker 2: job is better. Then they're going to be out and 44 00:02:06,800 --> 00:02:10,560 Speaker 2: enjoying going into the shops and buying those items that 45 00:02:10,560 --> 00:02:11,320 Speaker 2: they hadn't been. 46 00:02:11,320 --> 00:02:13,200 Speaker 1: Did you see TV one news last night on this 47 00:02:13,360 --> 00:02:15,560 Speaker 1: very story. 48 00:02:17,000 --> 00:02:19,000 Speaker 2: Well, yes, and no I saw some of those. 49 00:02:19,120 --> 00:02:21,000 Speaker 1: Okay, there was a lady in that story who said 50 00:02:21,000 --> 00:02:23,120 Speaker 1: they used to come in and buy one on every color. 51 00:02:23,200 --> 00:02:24,440 Speaker 1: Do you reckon that's ever true? 52 00:02:26,000 --> 00:02:28,160 Speaker 2: Oh? Absolutely yeah, not everybody. 53 00:02:28,280 --> 00:02:29,760 Speaker 1: You'd walk into a shop, you g I had one 54 00:02:29,800 --> 00:02:31,280 Speaker 1: of those and every color? Thank you? Is that what 55 00:02:31,400 --> 00:02:32,320 Speaker 1: really happened, Carolyn? 56 00:02:32,919 --> 00:02:36,880 Speaker 2: There are some women that will do that, Yes, smoke absolutely. 57 00:02:36,520 --> 00:02:37,440 Speaker 1: One and every color. 58 00:02:39,840 --> 00:02:42,880 Speaker 2: Different mindset for women shopping than men shopping. I think 59 00:02:42,880 --> 00:02:44,080 Speaker 2: that's what you have to remember. 60 00:02:44,200 --> 00:02:45,960 Speaker 1: Well, I'm glad you said that, not me, Carolyn, or 61 00:02:46,120 --> 00:02:47,840 Speaker 1: I'd be in trouble. Carolyn. 62 00:02:49,080 --> 00:02:50,639 Speaker 2: It's a different mindset. 63 00:02:50,680 --> 00:02:53,000 Speaker 1: Well, she said it, and you can't argue what. 64 00:02:53,320 --> 00:02:55,959 Speaker 2: I've just been looking at your Marino polo neck. 65 00:02:56,200 --> 00:03:02,280 Speaker 1: Actually sure? How many different colors of len Glenn Gleann Sorry? 66 00:03:02,320 --> 00:03:05,520 Speaker 2: Banking up the chrick. For more from the Mic Asking Breakfast, 67 00:03:05,639 --> 00:03:07,160 Speaker 2: listen live to news talks. 68 00:03:07,160 --> 00:03:10,360 Speaker 1: It'd be from six am weekdays, or follow the podcast 69 00:03:10,400 --> 00:03:11,280 Speaker 1: on iHeartRadio.