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

 


A million Kiwis flock to shopping site before Christmas


PriceMe Media Release

29th December 2012

A million Kiwis flock to shopping site before Christmas

Christmas shoppers took to their computers, tablets and mobile phones in their droves this year, if the December figures for searches on PriceMe.co.nz are any indication of retail activity.

PriceMe marketing director Chris Palmer says that the number of visits to PriceMe for December will reach the one million mark by the end of the month, thanks to record numbers of pre-Christmas and Boxing Day searches on NZ’s busiest comparison shopping site. “We could see the numbers building strongly from early December this year, reaching a record high just before Christmas. Surprisingly, Boxing Day was also one of our busiest days this month, with almost 40,000 visitors carrying out their pre-purchase searches for best prices and product information”.

Paymark, which processes about 75 per cent of all electronic transactions in NZ, said there were more than two million transactions and $120 million in sales - up $14.2m up from a year ago. Boxing Day sales figures showed a 13.4 per cent jump in spending from the same time last year.

The company's head of sales and marketing Paul Whiston said the strong Boxing Day numbers were a fantastic finish to a positive month of spending, and a return to the kinds of growth seen before the global financial crisis. "This is the first time in five years that we've seen double digit growth and we're rapt for retailers''.

Consumer electronics were once again the hottest items searched on PriceMe this Christmas, with Apple products taking five out of the top 10 search terms during December. “It’s a competitive area of retail, and consumers will spend if they know they’re getting a great deal” says Palmer. “They’re checking out prices on PriceMe before buying online or heading to the stores, with many shoppers using our mobile apps in-store to achieve a better deal from a retailer”.

There is much debate from economists about whether this summer’s growth in retail is sustainable, with ANZ chief economist Cameron Bagrie saying “the figures probably just proved that New Zealand shoppers were savvy when it came to spending their cash during sale time. That sort of jump tells me people have been waiting for the sales" he said. "The new so-called normal for retailers is that shoppers are pretty price sensitive and they're going to be darting from sale to sale".

Whatever the near future in retail holds, most commentators agree that the current season is better than it’s been for some years, and most retailers are just making the most of the positive sentiment that abounds.

End

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Starts Talks On Tougher Rules For Property Speculators

The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. More>>

ALSO:

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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