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

 

Christmas Shoppers Spend $1.2 Billion

Christmas Shoppers Spend $1.2 Billion In First Two Weeks Of December

Christmas has come earlier this year for retailers with Christmas shoppers spending $1.24 billion through the Paymark electronic payments system in the first two weeks of December.

This result is up 10% on the $1.11 billion spent by consumers during the same period last year.

The information is revealed in Paymark Pulse, the report reflecting retail consumer spending levels for the weeks Monday 2 December to Sunday 15 December.

Of the total money spent over the period Credit Card spending made up 30%, about the same as last year, although debit still makes up the majority of transactions.

People are spending more as Christmas gets closer. The biggest days so far were Friday 13 and Saturday 14 December, with Friday shoppers spending $105.9 million throughout New Zealand.

“While we know that New Zealanders are increasingly using and relying on electronic methods of payment our statistics show that shoppers appear to be spending more per item as well as buying more things. Transaction numbers are up 10% on last year and shoppers spent 12% more this year than last year over same two week period,” says Darryl Roots, Paymark spokesperson.

“The Christmas period is the busiest time of the year for retailers, so the Paymark Team are working around the clock to ensure glitch free processing takes place.

“Shoppers spending increased significantly on the West Coast of the South Island, in the first week of December showing a 24% increase on last year and this could be because of Westland Anniversary weekend as well as the general upswing in pre Christmas spending,” he says.

Other significant spending increases from last year in the first week of December were recorded in Auckland (+15%), Bay of Plenty (+13%), Palmerston North (+16%), Nelson (+17%), Otago (+18%) and Southland (+15%).

Significant spending increases from last year in the second week of December were recorded in Hawkes Bay (+11%), Wairarapa (+14%), Marlborough (+13%) and Otago (+13%).

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>

ALSO:

Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>

ALSO:

MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>

ALSO:


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>

ALSO:

Mediaworks: Reaches Agreement To Sell TV Operations To Discovery, Inc.

New Zealand’s largest independent commercial broadcaster MediaWorks and the global leader of real-life entertainment Discovery Inc. (“Discovery”) are pleased to announce they have reached a binding agreement regarding the sale of MediaWorks’ ... More>>

ALSO:

Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>

ALSO:

NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>

ALSO:

Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>

ALSO:

SAFE: Live Export Ship Carrying 5,800 New Zealand Cows Goes Missing In East China Sea

Livestock carrier Gulf Livestock 1 sent a distress signal at 4:45am NZT yesterday in the East China Sea. The area is affected by Typhoon Maysak. At 4pm a patrol plane spotted a lifeboat - with no people in it - and a man in lifejacket nearby. The ship ... More>>

ALSO:

FMA: Kiwisaver Fees Don't Match Performance

The Financial Markets Authority (FMA) today published an independent report into the passive and active investment management styles [i] used by KiwiSaver providers. The FMA commissioned MyFiduciary to test the extent that KiwiSaver providers were ... More>>