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Speaker 1: Retailers. This is good news this morning. Retailers are saying

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Speaker 1: they're seeing some light at the end of the tunnel

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Speaker 1: as the economic times begin to change. The latest quarterly

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Speaker 1: survey from Retail ends ED shows sixty five percent of

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Speaker 1: retailers are confident or very confident that their business will

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Speaker 1: survive the next twelve months. Still doesn't sound great, but

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Speaker 1: it's better than the fifty eight percent last quarter. Meanwhile,

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Speaker 1: fifty seven percent think they will meet or exceed their

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Speaker 1: targets in quarter of four. That is up from just

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Speaker 1: thirty two percent in the last survey, so a big

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Speaker 1: jump there. Liz Whedon is the general manager of Normanby

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Speaker 1: Fine Wines, a new retail business that's starting up in

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Speaker 1: February next year. Liz, welcome to the show.

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Speaker 2: Thank you, good morning, good.

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Speaker 1: Morning, brave time to be starting a business.

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Speaker 2: Yeah, it is. I think you know, as you just said,

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Speaker 2: of those numbers, there's some positive scientis in the market.

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Speaker 2: I don't you know. This year has been tough for retail,

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Speaker 2: but started to see some positive signs and we see

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Speaker 2: it is a good time to look at starting a

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Speaker 2: new business.

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Speaker 1: Have you done this before, been in business before, been

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Speaker 1: in the fine wine business before. Is this a completely

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Speaker 1: new venture for you?

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Speaker 2: So career career retailer, and I've worked in the wine

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Speaker 2: industry for the last thirty years, have bat slightly longer,

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Speaker 2: but last thirty years, so very familiar with the industry.

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Speaker 2: And you know, it's I don't I think whilst you know,

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Speaker 2: those steps are shown that there's signs of the market

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Speaker 2: looking better, it's still not great right now. I think

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Speaker 2: you know, this period into Christmas is where all retailers

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Speaker 2: really need a strong trading period, and I think that's

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Speaker 2: starting starting to come right. But certainly we see by

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Speaker 2: you know, cep jury next year, which is when we're

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Speaker 2: all the date we've put down to open normally fine wines,

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Speaker 2: that we should be seeing a different trading pattern to

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Speaker 2: what retailers who have endured so far.

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Speaker 1: Yeah, you might actually fingers crossed, you might actually have

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Speaker 1: time but just right, we might.

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Speaker 2: We might have timed it's just right. Maybe a little

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Speaker 2: bit of experience there, but yeah, I mean it's also

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Speaker 2: it's a hard market to read in all the conditions

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Speaker 2: that have put it to where it is. Now. Certainly

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Speaker 2: a hard market to read. But yeah, very very encouraging. Yeah,

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Speaker 2: it definitely feels I think right now, there feels like

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Speaker 2: there's an optimism there, so hopefully we're reading that right

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Speaker 2: and it's a good time to open a new business.

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Speaker 1: Best of luck to you, Liz, and as I say this,

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Speaker 1: the quarterly survey results from retailing z out this morning

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Speaker 1: should be a sign of some op for you. That's

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Speaker 1: Liz Weed and the general manager of Normanby Fine Wines.

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Speaker 1: If you haven't heard of them, it's because they haven't

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Speaker 1: even started yet. They're kicking off business in February next year,

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Speaker 1: twenty three minutes after five. I should say that the

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Speaker 1: survey is good, but it does still mean that the

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Speaker 1: remaining forty three percent don't think they will meet their

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Speaker 1: targets for quarter four. For more from Early Edition with

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Speaker 1: Ryan Bridge, listen live to news talks there'd be from

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Speaker 1: five am weekdays, or follow the podcast on iHeartRadio