BNZ’s Online Retail Sales January 2017
Please find attached the latest BNZ and Marketview monthly report on New Zealand’s Online Retail Sales.
HIGHLIGHTS
• Total online retail spending by New Zealanders in January was up 16% compared to the previous January.
• The annual spend level, across the retail categories we monitor, is now estimated to be $3.8 billion (excl GST).
o This is equivalent to 7.4% of total retail sales for the same period, as reported in Statistics New Zealand’s RTS (comparing like-for-like categories).
o Excluding the food and liquor sectors from both the RTS and our Index, we estimate online spending is equivalent to around 10.8% of retail sales.
• Purchases from offshore online retailers were up 15% on the previous January.
• Spending at local sites was up 17% on January last year.
NZ_Online_Retail_Sales_in_January_2017_20170228_FINAL.pdf
Bank of New Zealand
Be good with money
Bank of New Zealand (BNZ) has been a big part of New Zealand life for over 150 years since its foundation in 1861. The bank employs over 5,000 people and has more than 170 retail stores and 32 Partners business centres across the country.
Passionate about enabling a higher achieving New Zealand, BNZ works with personal, business, agri, and private wealth clients, helping them grow and make their goals a reality.
A subsidiary of the National Australia Bank Group of companies, BNZ is governed locally by a Board of Directors and strives to help New Zealanders be good with money.
Prices Stable: Lower Retail Prices Offset Petrol Hikes
Crown Accounts: Income, Spending Track Slightly Above Forecasts
First Union On Mill Plans: Bitter Blow For Gisborne Workers
NZ's Space Programme: Rocket Lab's Successful Launch
BusinessDesk: Body massages and Uber are in, DVDs are out, says Stats NZ
