The results are in for consumer expenditure over the Christmas period in New Zealand and many of the predictions made proved accurate. Consumer spending was up on 2015, and retailers reaped the benefits.
Since the appointment of Roy Campbell as chief executive in May last year, Smiths City Group has seen its best annual results since 2005. Over the past year, the listed company has shown a renewed emphasis on improving core operations and expansion, a move that has paid dividends for the Christchurch-based firm.
This year's Retail Trade Survey paints a positive overall picture with steady growth for the first quarter of 2016. Retail spend remained steady as low interest rates, fuel prices and increased visitor numbers continued over the quarter.