Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Christmas rush proves pundits wrong

Wednesday 14 December 2005

Newmarket says Christmas rush proves pundits wrong

Ten full days till Christmas and New Zealand's premier shopping district, Newmarket, has today declared that the much anticipated Christmas rush has finally arrived with gusto.

"Reserve Bank Governor Alan Bollard is trying hard to cool the economy and curb people's spending, but we can positively report that Christmas shoppers are now out on Broadway en mass spending at levels comparable to previous years," said Cameron Brewer, head of the Newmarket Business Association.

"For the first two weeks of December it felt like we were off to a reasonably slow start but this week we've reached the tipping point with Newmarket now pulsing with eager Christmas shoppers.

"Retailers tell me that as from today it now feels like the real Christmas rush is upon us with the streets now bustling.

"I understand Two Double shopping centre and Smith and Caughey's department store are doing well, as are our many giftware and fashion stores. It seems all the talk from the doom and gloom merchants has yet to have any effect on the behavior of the reasonably discerning Auckland shopper.

"The impact of falling business confidence and Mr Bollard's interest rate hikes have seemingly yet to be felt. Newmarket's understandably pleased about that."

Mr Brewer said not all is roses. The local business association has one challenge it is keen to confront - the perception that Newmarket has a parking shortage.

"We have 13 car-parking buildings in Newmarket with four of them offering free parking for two hours with proof of purchase over $5 from their associated stores."


© Scoop Media

Business Headlines | Sci-Tech Headlines


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news