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Carolyn Young: Retail NZ Chief Executive on buy now, pay later provider Laybuy entering receivership

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Manage episode 424189532 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The end of buy now, pay later provider Laybuy is being described as sad by experts.

The company has been put into receivership and services have been suspended.

Retail NZ Chief Executive Carolyn Young says the sector has been impacted by decreased spending and reduced consumer confidence.

"We are in a really difficult environment in terms of retail... people just don't have the money in their wallets, and they're not prepared, cause they're buying on credit."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

6821 episodes

Artwork
iconShare
 
Manage episode 424189532 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The end of buy now, pay later provider Laybuy is being described as sad by experts.

The company has been put into receivership and services have been suspended.

Retail NZ Chief Executive Carolyn Young says the sector has been impacted by decreased spending and reduced consumer confidence.

"We are in a really difficult environment in terms of retail... people just don't have the money in their wallets, and they're not prepared, cause they're buying on credit."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

6821 episodes

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