Glassons Australia chief executive James Glasson said the company was starting to see green shoots in its New Zealand stores, although some regions were recovering faster than others.<\/p>\n
\u201cThe South Island \u2013 Christchurch, Queenstown \u2013 we\u2019re seeing great results there. You can see those local economies where the tourism and dairy and that kind of thing is flowing through and they\u2019re very positive.\u201d<\/p>\n
Glasson said price remained as important as ever, and the chain worked hard to deliver a product that was good quality, on-trend and affordable for everyone.<\/p>\n
\u201cIf we have to lift the retail price, we really challenge ourselves on it and even test it to see if it actually will affect demand. We look at whether we can do anything internally first to improve the margin ourselves rather than pass it on to the customers.\u201d<\/p>\n
Glasson said with the relaunch of premium sub-brand EDT. last month, design teams were able to let loose, push fashion boundaries and try different fabrics, but they still needed to keep products affordable.<\/p>\n
\u201cOur customer \u2013 she\u2019s very smart. She knows when we start to take the piss from a price point of view. We have to make sure we make it very accessible.\u201d<\/p>\n
Retail NZ\u2019s most recent quarterly survey shows more than half of retailers are meeting sales targets.<\/p>\n
But chief executive Carolyn Young said a distinct gap was emerging between retailers who have stabilised and those who are still struggling, with some downgrading sales targets and taking on less stock.<\/p>\n
Glasson said while the year ahead remained uncertain in the wider economy, the chain remained focused on the factors it could control.<\/p>\n
Michael Sergel is Newstalk ZB\u2019s business reporter. He\u2019s been covering business, politics, local government and consumer affairs for more than a decade.<\/p>\n","protected":false},"excerpt":{"rendered":"Glassons Australia chief executive James Glasson said the company was starting to see green shoots in its New…\n","protected":false},"author":2,"featured_media":342459,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1443,81551,71763,19271,39426,4596,10668,1872,1438,2082,71,1437,4493,661,111,43,139,69,1642,421,3333,12937,10715,644,6492,1960,5619],"class_list":["post-342458","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-about","tag-amidst","tag-carefully","tag-chain","tag-clothing","tag-competition","tag-economic","tag-face","tag-fashion","tag-for","tag-from","tag-global","tag-increased","tag-major","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-online","tag-paramount","tag-price","tag-prices","tag-remains","tag-retail","tag-retailers","tag-thinking","tag-uncertainty"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/342458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=342458"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/342458\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/342459"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=342458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=342458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=342458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}