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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

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