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1 x summary of figures

RWC slowdown

But iverall, it’s still shit

INTRO: KIWI WALLETS WERE FIRMLY CLOSED IN THE FIRST THREE MONTHS OF THIS YEAR, EVEN AT THE SUPERMARKET. NEW FIGURES SHOW “CORE” RETAIL SPENDING .. WHICH TAKES OUT CARS AND PETROL .. HAS HAD ITS BIGGEST THREE-MONTHLY DROP SINCE RECORDS BEGAN IN 1995 WITH SALES DOWN FOR CLOTHES, SHOES, DEPARTMENT STORES AND SUPERMARKETS. WITH ME NOW FOR SOME ANALYSIS IS MATT NOLAN FROM INFOMETRICS..

Questions:

- biggest fall since records began…is it as dire as it looks? or just a hangover from the RWC

- economic growth at the end of last year was weak DESPITE the boost from RWC…we now don’t have that boost – could it be worse…or negative starting this year?

- what’s it going to take to get people spending? would an OCR cut do anything to help?

- are any sectors really benefitting?

- the retailers that are doing better – is that through their own clever endeavour – or just in lucky sectors?

TALENT SAYS:

End of Cup spending

In the March quarter, the volume of core (nonautomotive) retail sales fell by 2.5% from December (seasonally adjusted). However, sales in the September and December quarters had been temporarily pushed up by the Rugby World Cup. After accounting for this, the

data shows that overall retail sales have been picking up at a moderate pace during the past year. But with unemployment elevated, we expect retail spending to rise only slowly during the rest of 2012.

Supermarket spending weakened significantly in the March quarter, with the volume of sales down 7.4% from December. Although a decrease following the Rugby World Cup was expected, this drop took sales volumes to their lowest level since March 2009.

The end of the RWC also took the wind out of growth in a number of other retail industries. In the March quarter sales volumes fell sizably for accommodation (down 5.0%), clothing and footwear retailing (down 1.5%), and department stores (down 1.9%).

Encouragingly however, the volume of durable good sales did pick up further in the March quarter. A lift in motor vehicle sales pushed durable good sales volumes up 2.5%, to sit 8.2% above their March 2010 level.

Durable good sales are still 11% below their March 2007 peak, so once households become more secure about their financial situation, there is considerable scope for a lift in durable good spending by consumers.

However, we do not expect a sizable lift in durable good, or general retailing, during the remainder of 2012.

Falling commodity prices and weak employment growth will limit income gains for New Zealand consumers in the coming months. With the European debt crisis continuing to bubble on, households will also remain unwilling to borrow – even in the face of record low

interest rates.

BACKGROUND:

http://tvnz.co.nz/business-news/retail-sales-down-kiwis-get-thrifty-4886323

Supermarkets, hotels and motels and petrol companies are suffering a nasty post-Rugby World Cup hangover, with sales volumes down in the March quarter.

The same sectors got a boost from the rugby tournament in the last two quarters of last year.

Statistics NZ figures out today show sales volumes in core retail sectors, excluding cars and fuel, were down 2.5% in the March quarter- the largest seasonally adjusted fall in the series since it began in 1995.

Including vehicles and fuel, volumes were down 1.5%.

“The industries that led this drop are the same ones whose sales were boosted during the Cup – supermarkets, accommodation, and fuel,” Statistics NZ industry and labour statistics manager Blair Cardno said.

“Although sales volumes have fallen, they are still above their pre-Cup levels.”

When the effects of price changes are included, the value of core retail sales fell 2% to $13.3 billion.

The value of total retail sales fell 0.8 percent to $17.4 billion.

In the March 2012 quarter, seasonally adjusted sales values fell 1.2% in the North Island (where all eight of the Rugby World Cup knockout games were played in the previous quarter).

South Island sales values rose slightly (up 0.3%).

More up to date monthly figures on electronic cards out last week showed consumers spent 0.6% more on credit and debit cards in April than in March.

David Cunliffe statement today:

A record fall in core retail sales is an ominous warning that a double dip recession could be on the cards, Labour’s Economic Development spokesperson David Cunliffe says.

Core retails sales volumes were down 2.5 per cent in the March 2012 quarter, the largest since records began in 1995. Supermarket sales fell 7.4 per cent, also the largest on record.

“For years we have been promised an ‘aggressive recovery’ is just around the corner.

“But it’s a corner that never comes. National’s so-called ‘brighter future’ is fast slipping into the never-never.

“Today’s Department of Statistics data shows the biggest drop in both retail trade figures and supermarket sales since records began 17 years ago,” David Cunliffe said.

“New Zealanders are not spending because they can’t afford to. It’s not hard to see why – real incomes are going backwards and unemployment is back up to 6.7 per cent.

“A zero budget couldn’t come at a worse time for the real economy. Zero budgets are what you get when the economy is failing.

A zero budget will make zero contribution to reviving this failing economy; it will drive zero new growth, zero new jobs and zero hope,” said David Cunliffe.

Parody of ‘Young, Wild and Free’ by Snoop Dogg, Wiz Khalifa, ft. Bruno Mars.

Facebook: http://www.facebook.com/OoshMultimedia

Twitter: https://twitter.com/#!/OoshMultimedia

Lyrics:
[Chorus]

So what we chill out,
So what we love sheep,
We’re just having fun,
And drink at 18.
So what there’s no jobs,
You can all go to Aussie,
But we’ll always be Kiwi.

[Verse 1]

So what I keep a stuffed kiwi on top of my drawer,
I chuck my jandals on fresh off the floor,
Head outside to play some cricket with the bros,
Chur bro,
Have a drink out the hose,
‘Cos the water’s fresh everywhere,
With four million tall,
We don’t need to share,
Yea we are small,
If you look at a map you won’t find us at all,
Not part of Aussie,
I’ve about had enough!
This is Aotearoa,
From Kaitaia to the Bluff.

You know what it feels like,
We won the cup again,
a big smile on my face,
looking for the case,
trying to find that bitter taste.
Got ID, the cops aren’t on my case,
but Veezy, you’re looking quite uneasy,
Irrelevant
Kicking back, fishing away,
mowing lawns for the rest of the day,
Beer is the pay,
the Kiwi way.
Planking like your life’s just a game,
silver fern, black shirt, Mr Waylon sing that chorus again.

[Chorus]

So what we chill out,
So what we love sheep,
We’re just having fun,
And drink at 18.
So what there’s no jobs,
You can all go to Aussie,
But we’ll always be Kiwi.

[Verse 2]

And we don’t even care, when we hear you Frenchies cheer,
it don’t matter, the World Cup is over here!

Farming everywhere we’re going, got the cash flowing,
Sheep, cows, trees and kiwis, we got ‘em growing!

Whakarongo mai, Maui fished this land,
looking for kai, he pulled the sun from the sky,
what a choice guy!

I come from the land of the long white cloud,
the Aussies took the pavlova but the lumps are ours!

Now I’m grilling, tuataras be chilling,
I got my barbeque, my saussies are sizzling,
Got my bike, no job, eight children,
Shop at Warehouse, got myself a bargain.

L&P, Bumblebee, TV3, Touch Rugby,
Watch with me, this is us, true kiwi,
and we’ll forever be, one big family.

[Chorus]

So what we chill out,
So what we love sheep,
We’re just having fun,
And drink at 18.
So what there’s no jobs,
You can all go to Aussie,
But we’ll always be Kiwi.

[Haka]
Haka, haka, slap your legs and we know how to party,
Haka, haka, smack your chest and we’re having fun,
so we just, haka, haka, stamp your feet and then pull your war face,
Haka, haka, and jump really high.

[Chorus]

So what we chill out,
So what we love sheep,
We’re just having fun,
And drink at 18.
So what there’s no jobs,
You can all go to Aussie,
But we’ll always be Kiwi.

Graeme Knowles – Director, Editor, Music, Camera Op
Alex Newbury – Second Camera Op, Actor
Brandon Woollett [B-Amazing] – Actor, Singer
Vincenzo Ritossa [BigVeezy] – Actor, Singer
Waylon Edwards [Mr Waylon] – Actor, Singer

Special thanks:
Ben Dol – Cricket Bro
Glen Mortan – Keys
Waylon Edwards
Vincenzo Ritossa
Joshua & the Woods family
Kate Eyles – Tattoo Design
Michael Gray – Fog operator & tattoo application

This product is a work of parody, based on ‘Snoop Dogg and Wiz Khalifa, ft. Bruno Mars’ – ‘Young Wild and Free’. Atlantic Records 2011. All original credit for the song towards the respected artists mentioned above.

© 2012 Oosh Multimedia Limited

According to the Daily Telegraph, Owens was apparently set-up by a former 2SM news editor who was “playing practical jokes on her last day,” a management spokesman said.

http://nz.news.yahoo.com

-NZ Radio Awards

MORE FM’s Marc Ellis, Amber Peebles and Stu Tolan are setting up an express drive through on Auckland’s waterfront for Mums who need an extra thank you and for Mums who didn’t get one.

“Mum’s are awesome,” says breakfast host Marc Ellis. “The least we can do is take a couple of hours out on Sunday to make sure the mum’s of New Zealand are getting all the compliments they deserve”.

‘We know being a Mum can be a thankless job,” says More FM boss Ande Macpherson. “If you’re a mum in need of a little pick me up make sure you come to the drive through and we’ll give you a totally free of charge compliment & a little chocolate treat “.

The Happy Mothers Day free drive through is on Tamaki Drive in Mission Bay from 10am Sunday morning. Marc, Amber and Stu promise a heartfelt compliment for each and every Mum who drives though. For mums who can’t make it to the drive through they can catch the action being live streamed at www.morefm.co.nz/mum thanks to Tomizone.com

MORE FM plays the best mix of music from the 90s to Now. For a full list of frequencies head to www.morefm.co.nz or listen online.