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Carolyn Young: Retail NZ CEO on 6% spending increase last quarter
Published 1 month ago
Description
New Zealand saw a 6% spending increase in retail last quarter with the South Island overtaking the North, likely due to farming and tourism.
Retail NZ CEO Carolyn Young told Heather du Plessis-Allan that a jump in pharmaceutical spending can be attributed to the increasing popularity of GLP-1 drugs like Wegovy.
"There's certainly high volume of those drugs now being sold, and they're really expensive on a monthly basis. So that just keeps going up and up and up," she said.
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