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Fine wine business set to launch amid optimistic market

Author
Newstalk ZB,
Publish Date
Wed, 23 Oct 2024, 11:01am

Fine wine business set to launch amid optimistic market

Author
Newstalk ZB,
Publish Date
Wed, 23 Oct 2024, 11:01am

Retailers appear hopeful their sales numbers will turn around. 

Retail NZ's quarterly survey finds 65% of retailers feel confident or very confident their business will survive the next 12 months. 

It finds 57% expect to meet or exceed their targets for the final quarter, even after 70% failed to meet their last sales targets. 

General Manager of Normanby Fine Wines, Liz Wheadon told Ryan Bridge that they’ve started to see positive signs, and they see it as a good time to look at starting a new business. 

She said that fine wines is a hard market to read, but it feels like there’s some optimism there. 

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