Retail in Asia

In Markets

NZ 1Q retail sales fall as World Cup boost wanes

Retail sales in New Zealand fell in the first quarter from a quarter earlier, following strong sales in the second half of 2011 when a large number of international visitors came for the Rugby World Cup.

Statistics New Zealand said last week that that the volume of real retail sales fell 1.5 percent in the first quarter from the fourth quarter, when they rose a revised 1.8 percent.

To view the full article (note: you must be a Wall Street Journal Online subscriber), visit the Wall Street Journal Online.

(Source: The Wall Street Journal Online)