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“Recovery will be mixed”: How retailers are responding to Auckland floods

Flooding in Auckland is hitting the retail industry hard as it recovers from the Covid-19 pandemic.  While the extent of the damage, and the subsequent cost of the recovery process is unknown, experts have estimated that it might cost the economy $446 million. Over 15,000 insurance claims have already been lodged, with more that 5,000 properties affected. The flooding comes at a challenging time for New Zealand’s retail sector, which is seeing sales of 80 to 85 per cent compared to where