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

 


Kiwis flock to shops on Boxing Day, Paymark figures show

Kiwis flock to shops on Boxing Day, Paymark figures show

Dec. 27 (BusinessDesk) - New Zealanders spent 13.4 percent more on Boxing Day than they did a year ago, the first double-digit growth in sales for five years, Paymark says.

There were more than 2 million transactions and sales rose by $14.2 million to $120 million, according to Paymark, which processes 75 percent of the nation’s electronic transactions.

“The queues and traffic outside the malls around the country yesterday were anecdotal evidence of this,” said Paymark head of sales and marketing Paul Whiston.

The traditional post-Christmas spend-up caps a relatively strong year for listed retailers on the NZX, which have gained 37 percent as a group, based on the NZSE Consumer Index. Sales over the Christmas-New Year season are critical for store owners in what is typically their busiest period.

The strongest Boxing Day sales growth was in Gisborne, up 23 percent to $1.3 million, followed by an 18 percent gain to $2.8 million for Taupo/Taranaki and an 18 percent rise to $3.5 million for Palmerston North.

Sales in Auckland/Northland rose about 14 percent to $49.5 million, Canterbury sales gained 13 percent to $12.1 million and Wellington sales rose 12 percent to $10.7 million.

Sales of electronic goods such as computers and phones rose 32 percent, clothing gained 21 percent and jewellery rose 24 percent, Paymark said.

Sales at department stores rose 22 percent.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

ICT Innovation: Six NZ Finalists In World Summit Awards

The awards are a global showcase of 40 projects, across eight categories, with a special emphasis on those which show the benefits of information and communication technology for the development of communities. New Zealand has finalists in six of the eight categories. More>>

ALSO:

Final Frontier: Rocket Lab And NASA Sign Commercial Space Launch Agreement

Rocket Lab has signed a Commercial Space Launch Act Agreement with the National Aeronautics and Space Administration (NASA). The agreement enables Rocket Lab to use NASA resources - including personnel, facilities and equipment - for launch and reentry efforts. More>>

ALSO:

Scoop Business: Wheeler Downplays Scope For ‘Large’ Rates Fall

Reserve Bank governor Graeme Wheeler says some market commentators are predicting further declines in interest rates that would only make sense for an economy in recession, although some easing is likely to be needed to maintain New Zealand’s economic growth. More>>

ALSO:

Ruataniwha Dam: Consent Conditions Could Mean Reduced Intensity

Legal advice sought by the Hawke’s Bay Regional Council on the Ruataniwha Dam consent conditions has confirmed that farmers who sign up to take water from the dam could be required to reduce the intensity of their farming operation to meet the catchment’s strict nitrogen limit. More>>

Health And Safety: Bill Now Sees Rules Relaxed For Small Businesses

Health and safety law reform sparked by the Pike River coalmine disaster has been reported back from the industrial relations select committee with weakened requirements on small businesses to appoint health and safety representatives and committees. More>>

ALSO:

Bearing Fruit: Annual Fruit Exports Hit $2 Billion For First Time

The value of fruit exported rose 20 percent (up $330 million) for the June 2015 year when compared with the year ended June 2014. Both higher prices and a greater quantity of exports (up 9.0 percent) contributed to the overall rise. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news