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

 


Paymark confirms a Boxing Day boom for retailers

Paymark confirms a Boxing Day boom for retailers

After a strong December, Paymark figures released today delivered retailers the icing on the cake with Boxing Day spending up 13.4 per cent nationally year-on-year.

Paymark Head of Sales & Marketing, Paul Whiston, says the strong Boxing Day numbers are a fantastic finish to what has been an already positive month of spending, and a return to the kinds of growth figures seen pre-GFC.

“Yesterday we saw over two million transactions and $120 million in sales through the network, $14.2 million up on Boxing Day last year. This is the first time in five years that we’ve seen double digit growth and we’re rapt for retailers.

“It’s also great to see that some of the sectors, which have been lagging of late, experienced a real boost on Boxing Day. And the queues and traffic outside the malls around the country yesterday, were anecdotal evidence of this!”

Paymark saw significant growth in the electronics sector including computers and phones, with sales up 31.7 per cent annually.

The company, which processes about 75 per cent of all electronic transactions in New Zealand, also saw strong growth in clothing and apparel, and jewellery, up 20.7 per cent and 24.4 per cent respectively.

“Department stores saw an increase of 22.4 per cent, likely to be a reflection of the many great deals on offer for shoppers during the Boxing Day sales,” says Whiston.

Gisborne took the gold for the highest spending growth in the regions, up 22.9 per cent annually.

“All of the regions saw good growth on Boxing Day but the smaller regions in particular have faired extremely well, with Palmerston North up 18.3 per cent and Taranaki/Taupo up 18.2 per cent – just behind Gisborne,” adds Whiston.


http://www.paymarkmediaroom.co.nz/paymark-confirms-a-boxing-day-boom-for-retailers.html

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news