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

 

1.5 million Kiwis set to join in Boxing Day sales frenzy

24 December, 2019, New Zealand – Millions of Kiwis are expected to nab a bargain in the Boxing Day sales, according to global comparison site Finder, which has recently launched in New Zealand.

A recent Finder survey of 2,117 respondents revealed that 41% of New Zealanders –- equivalent to 1.5 million people –- plan to shop the post-Christmas sales from December 26.

One in four Kiwis (25%) will visit brick and mortar stores on the day, while 16% will shop for deals online.

Angus Kidman, Finder’s global editor-in-chief said that bargain hunters are expected to give festive sales figures a final boost.

“December 26 is still the nation’s main shopping event, despite the rising popularity of the Black Friday and Cyber Monday mega sales.

“We expect to see deals on electronics and homewares, with many consumers looking to buy what they missed out on at Christmas,” he said.

The research found that women are more likely to splurge at the sales this Boxing Day: 44% will open their wallets compared to just 39% of men.

Over half of Gen Z (59%) are intending to hunt for deals, whereas just 17% of Baby Boomers are tempted to do the same.

Kidman said that shoppers can expect some retailers to launch their Boxing Day offers early this year.

“Some stores will be slashing prices from Christmas Eve onwards in a bid to entice shoppers sooner.”

But not all Kiwis are convinced.

“Some shoppers might be suffering from a case of deal fatigue. Consumers no longer have to wait until Boxing Day to get their discount shopping fix. We’re seeing more and more sales happening throughout the year, which can lead to sales season apathy,” Kidman said.

Head to https://www.finder.com/nz/boxing-day-sales to see what deals your favourite brands have to offer.

Are you planning to shop the Boxing Day sales
Yes, I plan to shop in store25%
Yes, but I’ll be doing it online16%
No, I plan on avoiding the Boxing Day
sales
59%

Source: Finder


How to hunt for bargains like a pro:
Compare the pair. Smaller brands are often cheaper to buy at major department stores or outlets. Jump online and compare across retailers before purchasing.
Sign up to newsletters. Some stores will offer a 10-20% discount for signing up to their online mailing list. This is an easy way to reduce the cost of discounted items even further. You can always unsubscribe at a later date.
Plan ahead. If you have any birthdays or anniversaries coming up over the next few months, use the sales as a chance to stock up on discounted gifts. You’ll be surprised how much cash this can save you down the track.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>


Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>


OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>


Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>