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

 

BNZ and Marketview monthly report on NZ's Online Retail

Please find attached the latest BNZ and Marketview monthly report on New Zealand’s Online Retail Sales.

HIGHLIGHTS

A strong month, with total online retail spending by New Zealanders in April up16% on April last year.

Online spending at local merchants was up 14% on April last year, well ahead of the 7% annual growth rate for sales at physical stores (based on Statistics NZ figures for electronic card transactions for core retail excluding hospitality).

o Clothing and Food purchases (including “Other Specialised Food”) have been key contributors to higher spending over the past 12 months, responsible for approximately 60% of the increase in online spending at local merchants since April last year.

o Online spending at local Computer, Department and Entertainment Media stores has also grown strongly.

Online spending at offshore sites was up 19% on April last year. Part of this growth will reflect higher offshore prices in NZ dollar terms. Computer and Entertainment Media stores again featured strongly.

Comparing with latest figures reported in Statistics New Zealand’s RTS, the $3.4 billion in online retail spending (excl. GST) for the 12 months ended 31 March 2016 was equivalent to 6.9% of reported retail sales, for the categories we cover.

o If we exclude the grocery and liquor sectors from both the RTS and our Index, annual online spending is equivalent to 10.3% of officially reported retail sales.

Report

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: