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

 


Christmas spending strong with three shopping days to go

Christmas spending strong with three full shopping days to go

As the final Christmas shopping weekend approaches, Paymark figures released today show a positive return for retailers in the 21 days ending the 20th of December, with a 4.7 per cent year-on-year spending increase.

Paymark, which processes about 75 per cent of all electronic transactions in New Zealand, saw just over $3.2 billion through its network between 30 November and 20 December – $148.7 million more than the same period last year.

Paymark CEO, Simon Tong says the results should be welcome news for retailers as they begin their final push for the last three full shopping days before Christmas.

”It’s heartening to see the annual year-on-year growth rate building through December and climbing above the average for the year which was around 3 per cent.

”During the last seven days spending was up 5.8 per cent. This makes it one of the highest spending weeks of the year and yesterday we broke through four million transactions in one day for only the sixth time in our history.”

Many regions throughout the country have also shown particularly strong growth throughout December to date. Back at the top of the list is Canterbury, up 6.4 per cent or $22.8 million year-on-year. Auckland/Northland (+5.2%), Hawkes Bay (+5.3%) and Wairarapa (+5.4%) have also had a strong few weeks, with Auckland/Northland retailers seeing an extra $65.9 million through their tills compared to 2011.

It appears Kiwis are still hard at work on their homes this Christmas, with floor covering and furniture stores reporting spending growth of 20.6 per cent year-on-year and garden stores and hardware/building supply stores up 10.1 per cent and 10.3 per cent respectively.

Many Kiwis may also need to loosen their belt notches this Christmas as food and liquor retailers reaped the benefits of the party season. Restaurants bars and cafes were up 7.3 per cent year-on-year as well as takeaway shops (+6.5%) and liquor retailers (+11.5%).

Please visit http://www.paymarkmediaroom.co.nz/christmas-spending-strong-with-three-full-shopping-days-to-go.html for the latest figures from Paymark

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Gordon Campbell: On The Australians Scoring Trade Points Against Us With The Chinese

It hasn’t been a great year for Trade Minister Tim Groser... To top it off, Australia has just signed a FTA with China that has far better provisions on dairy exports than what New Zealand currently enjoys in our own FTA with China. More>>

ALSO:

Iwi & Local Consultation: Oil And Gas Block Offer 2015 Begins

Energy and Resources Minister Simon Bridges today announced the start of the Block Offer 2015 process for awarding oil and gas exploration permits. More>>

Industrial Action: Stats NZ Throwing Public Money Away Duplicating Data

The Public Service Association (PSA) says Statistics NZ are throwing money away by collecting the same data twice for official statistics such as the Consumer Price Index... As part of the ongoing industrial action, field interviewers who are PSA members are continuing to collect data, but are not sending it through to Statistics NZ. More>>

ALSO:

Other Stats:

Space: Rosetta's 'Philae' Makes Historic First Landing On A Comet

After more than a decade traveling through space, a robotic lander built by the European Space Agency has made the first-ever soft landing of a spacecraft on a comet. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news