1 00:00:00,240 --> 00:00:02,480 Speaker 1: More calls today for regional New Zealand to ditch the 2 00:00:02,520 --> 00:00:05,880 Speaker 1: traditional nine to five retail model. This story originally came 3 00:00:05,920 --> 00:00:08,360 Speaker 1: you remember, from the Napier business leader who says the 4 00:00:08,400 --> 00:00:11,880 Speaker 1: CBD there becomes a ghost town as soon as the 5 00:00:11,920 --> 00:00:15,520 Speaker 1: shops shut up at five o'clock. Now more towns are 6 00:00:15,560 --> 00:00:18,560 Speaker 1: having this debate, so are our smaller centers stuck in 7 00:00:18,600 --> 00:00:21,040 Speaker 1: the past. Retail Ing Zen CEO Carolyn Young is with 8 00:00:21,079 --> 00:00:22,240 Speaker 1: me Hi, Carolyn. 9 00:00:23,000 --> 00:00:24,680 Speaker 2: Kidder Ron, how are you really good? 10 00:00:24,720 --> 00:00:29,800 Speaker 1: Thank you? With basic question, would businesses not open if 11 00:00:29,840 --> 00:00:31,960 Speaker 1: there were customers to serve? 12 00:00:33,600 --> 00:00:37,239 Speaker 2: Absolutely? Look, I think most businesses are in the process 13 00:00:37,280 --> 00:00:41,479 Speaker 2: of evaluating their data on an ongoing basis. They're working 14 00:00:41,520 --> 00:00:45,319 Speaker 2: out the foot traffic that's coming past, and they get 15 00:00:45,400 --> 00:00:47,879 Speaker 2: data feed into them from that they can see where, 16 00:00:48,040 --> 00:00:50,440 Speaker 2: when and where their sales are taking place through their 17 00:00:50,720 --> 00:00:53,160 Speaker 2: point of sales system, so they'll be able to tell 18 00:00:53,200 --> 00:00:55,320 Speaker 2: whether or not they've got people coming in first thing 19 00:00:55,360 --> 00:00:58,000 Speaker 2: in the morning or last thing at night, and you know, 20 00:00:58,160 --> 00:01:00,880 Speaker 2: adjusting their time frame. The core mon in terms when 21 00:01:00,880 --> 00:01:05,440 Speaker 2: they're opening closed. Consumer demand is what should drive your 22 00:01:05,480 --> 00:01:09,440 Speaker 2: opening hours, obviously, alongside any other restrictions there might be 23 00:01:09,480 --> 00:01:11,800 Speaker 2: depending on the sort of business that you own. But 24 00:01:12,920 --> 00:01:16,320 Speaker 2: consumers are going to want to come in at a 25 00:01:16,360 --> 00:01:20,120 Speaker 2: time when it's convenient to them, and being open when 26 00:01:20,160 --> 00:01:21,600 Speaker 2: they are available is important. 27 00:01:21,720 --> 00:01:24,600 Speaker 1: Yeah, because I guess the thing is for tourism especially, 28 00:01:24,920 --> 00:01:26,600 Speaker 1: you've got people coming here who might be used to 29 00:01:26,600 --> 00:01:29,160 Speaker 1: shops being opened a little bit later. Is there any 30 00:01:29,200 --> 00:01:31,920 Speaker 1: truth to this idea that if you have multiple shops 31 00:01:32,040 --> 00:01:35,440 Speaker 1: open then it creates a bit of a vibe. People 32 00:01:35,520 --> 00:01:37,800 Speaker 1: know it's happening and they will actually, you know, build 33 00:01:37,800 --> 00:01:39,479 Speaker 1: it and they'll come open and they'll come. 34 00:01:41,000 --> 00:01:46,199 Speaker 2: Yeah. Absolutely. If you for example, if you work in 35 00:01:46,240 --> 00:01:48,520 Speaker 2: a mall, all of the stores in the mall are 36 00:01:48,560 --> 00:01:51,560 Speaker 2: open till the same time. So everyone knows that the 37 00:01:51,880 --> 00:01:54,720 Speaker 2: new Market, Westfield Mall and Upland is open till seven 38 00:01:54,760 --> 00:01:57,800 Speaker 2: o'clock at night, so everyone knows they can go there 39 00:01:57,840 --> 00:02:00,880 Speaker 2: for a couple of hours after work. Now, in a 40 00:02:00,920 --> 00:02:04,560 Speaker 2: high street environment, the stores aren't regulated like that, you know, 41 00:02:04,600 --> 00:02:06,800 Speaker 2: so some stores might close at five, so might be 42 00:02:06,880 --> 00:02:09,400 Speaker 2: at the five, someone might be at six or later. 43 00:02:10,080 --> 00:02:12,320 Speaker 2: And if you've got a number of stores around you 44 00:02:12,440 --> 00:02:15,480 Speaker 2: that are open later, people will come because they know 45 00:02:15,560 --> 00:02:17,480 Speaker 2: that they can call into that store at a time 46 00:02:17,560 --> 00:02:21,080 Speaker 2: that suits them after work. But if there's only one store, 47 00:02:21,560 --> 00:02:24,240 Speaker 2: you know that store is probably pretty quiet. So you know, 48 00:02:24,240 --> 00:02:27,560 Speaker 2: if you've got neighboring businesses, it's about getting alongside your 49 00:02:27,560 --> 00:02:29,760 Speaker 2: neighboring business and saying, hey, you know, do you want 50 00:02:29,760 --> 00:02:32,320 Speaker 2: to try opening a little bit later, seeing if we 51 00:02:32,400 --> 00:02:35,200 Speaker 2: can create a bit of energy and enthusiasm for people 52 00:02:35,240 --> 00:02:39,040 Speaker 2: to be coming in the stores afterwards, or alternatively, you know, 53 00:02:39,160 --> 00:02:41,360 Speaker 2: what are you doing in the weekends, or you know 54 00:02:41,400 --> 00:02:44,000 Speaker 2: what time are you opening in the morning. If you've 55 00:02:44,040 --> 00:02:46,920 Speaker 2: got a few more stores doing the same thing, it 56 00:02:47,080 --> 00:02:48,880 Speaker 2: just you know, it does, as you say, create a 57 00:02:48,919 --> 00:02:50,360 Speaker 2: bit of a buzz and a bit of a vibe. 58 00:02:50,600 --> 00:02:53,560 Speaker 1: Carolyn, thank you for that, Carolyn Young, Retailings and CEO 59 00:02:53,639 --> 00:02:56,640 Speaker 1: time has just gone thirteen after four. We'd love to 60 00:02:56,680 --> 00:02:58,519 Speaker 1: know what you think about that one. I just think 61 00:02:58,560 --> 00:03:02,239 Speaker 1: if a business, who better to know whether there would 62 00:03:02,280 --> 00:03:05,400 Speaker 1: be customers visiting a store than the business itself, And 63 00:03:05,400 --> 00:03:07,760 Speaker 1: if the businesses itself knew that there were customers going 64 00:03:07,760 --> 00:03:09,679 Speaker 1: to visit, they would simply open. I don't know, I 65 00:03:09,720 --> 00:03:12,560 Speaker 1: think the whole thing's a bit weird. For more from 66 00:03:12,600 --> 00:03:15,880 Speaker 1: Hither Duplessy Allen Drive Listen Live to news talks. It'd 67 00:03:15,919 --> 00:03:19,080 Speaker 1: be from four pm weekdays, or follow the podcast on 68 00:03:19,200 --> 00:03:20,000 Speaker 1: iHeartRadio