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

 


NZ Online Retail Sales: Rural v Urban Spending

Please find attached BNZ’s latest report on the NZ Online Retail Sales.

In addition to the latest figures, the feature analysis this month takes a look at trends in online retail spending by Rural and Urban New Zealanders.

HIGHLIGHTS

MONTHLY UPDATE

Total online spending in May 2014 was up 7% on May last year.

• Growth continues to ease – the underlying trend has now been fairly flat since February 2014.

• Online spending at domestic online sites is up 4.6% on May last year. This is slower that the 5.6% growth rate in Statistics NZ’s Electronic Card Transactions figures (if we count similar industries), which predominantly includes physical stores.

• Online spending by New Zealanders at offshore retailers is 11% higher than May 2013.

RURAL / URBAN RESIDENTS

• Total online retail spending by rural New Zealanders has grown 20% over the 12 months to 31 March 2014, outpacing the 14% growth rate for urban residents.

• The growth in online retail shopping has been especially strong for rural kiwis buying from international retailers, where spending has increased 27% over the year to March 2014.

• Rural residents do more of their online shopping at domestic merchants than urban shoppers do. 67% of online retail spending by rural kiwis has been at domestic merchants’ websites. For urban shoppers, 61% of their online retail spending has been at domestic sites.

OTHER

We also include a brief summary of key differences between our online retail measure and the measure Nielsen use in their annual survey report.

BNZ_Online_Retail_Report_20140702_final.pdf

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Finance: Major Campaign To End "Gross Overtaxation Of Savings"

The campaign – which includes a special web site through which New Zealanders can e-mail their own and other MPs and party leaders – is backed by Age Concern, Consumer NZ, the Financial Services Council and the Taxpayers’ Union. More>>

ALSO:

Scoop Business: Leighton-Led WGP To Build, Manage Transmission Gully

The Wellington Gateway Partnership, led by a unit of ASX-listed Leighton Holdings, has won the $1 billion contract to build the Transmission Gully road north of Wellington. More>>

ALSO:

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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