Main barriers to growth identified by executives in the retail trade industry in Auckland, New Zealand
Most common responses only, April 2016, % of businesses (n=61)
Response | % of businesses |
---|---|
Compliance and regulations | 13.0% |
Current staff - limited expertise / skill gaps | 8.0% |
Economic condition / recession | 16.0% |
Lack of access to financial support / capital constraints | 8.0% |
Limited financial resources | 17.0% |
Limited reach / pool of customers | 20.0% |
Location/positioning/size of current premises | 8.0% |
Price competition from low cost / quality competitors | 32.0% |
Supply & demand/consumer spending/client base | 7.000000000000001% |
Traffic/traffic congestion/signage/costs | 17.0% |