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


Boxing Day tops busy season for merchants

A merry time was had by shoppers and merchants this year, across the Paymark network. A new peak spend was reached on Friday 20 December and spending over the six weeks leading into Christmas Day was up an underlying 4.6% on last year to $8,887 million.

The pre-Christmas spend got away to a strong start with the Black Friday sales late November, with the Boxing Day sales again extending the spending season. As usual, for most merchants, the busiest days remain the days immediately before Christmas Day. Black Friday proved to be a busier day than Boxing Day in total this year but that relativity varies considerably between merchant groupings.

Boxing Day proved to be another bonus for the bargain hunters. Spending through Paymark totalled $149.8 million on Thursday 26 December, up 3.9% on an underlying basis on Boxing Day last year.

Spending growth was highest outside the major centres, including Marlborough (+13.3%), Wanganui (+11.5%) and Wairarapa (+11.2%). Spending growth was moderate in Northland/Auckland (+1.5%) but down in Otago (-0.8%) and West Coast (-3.2%).

PAYMARK All Cards Data for Thursday 26 December 2019
Regiontransactions millions Annual % changetransactions $millionsAnnual % change
Auckland/Northland1.090.0%$59.3 1.5%
Waikato0.245.0%$11.3 5.4%
BOP0.245.2%$12.1 8.2%
Gisborne0.03-3.3%$1.4 3.7%
Taranaki0.066.1%$2.8 8.8%
Hawke's Bay0.085.4%$3.9 10.6%
Wanganui0.035.0%$1.4 11.5%
Palmerston North0.092.8%$4.5 9.7%
Wairarapa0.039.2%$1.2 11.2%
Wellington0.245.3%$12.9 6.7%
Nelson0.062.8%$3.0 1.7%
Marlborough0.0412.9%$2.3 13.3%
West Coast0.021.2%$1.2 -3.2%
Canterbury0.303.9%$16.1 3.4%
South Canterbury0.04-0.8%$2.1 5.3%
Otago0.170.0%$9.7 -0.8%
Southland0.063.4%$3.6 9.8%
New Zealand2.862.4%$149.8 3.9%
* Underlying spending excludes large clients moving to or from Paymark

Spending at Supermarkets (+5.1%) and Liquor retailers (+14.2%) was up on Boxing Day last year, as too was spending at Cafes and restaurants (+6.1%) but the key interest is amongst the shops were the bargains were aplenty.

For the core retailers (excluding food and hospitality retailers) including many of the discounters, Boxing Day was mixed depending on which market segment they operate in. Underlying spending for this key group of merchants was 0.4% below Boxing Day last year. Spending was up for the likes of Sport equipment retailers (+5.6%) and Hardware stores (+6.6%) but down for Clothing and footwear stores (-7.6%).

© Scoop Media

Business Headlines | Sci-Tech Headlines


TradeMe: Property Prices In Every Region Hit New High For The Very First Time

Property prices experienced their hottest month on record in December, with record highs in every region, according to the latest Trade Me Property Price Index.\ Trade Me Property spokesperson Logan Mudge said the property market ended the year with ... More>>

Motor Industry Association: 2020 New Vehicle Registrations Suffer From Covid-19

Chief Executive David Crawford says that like some other sectors of the New Zealand economy, the new vehicle sector suffered from a case of Covid-19. Confirmed figures for December 2020 show registrations of 8,383 were 25% ... More>>

CTU 2021 Work Life Survey: COVID And Bullying Hit Workplaces Hard, Huge Support For Increased Sick Leave

New data from the CTU’s annual work life survey shows a snapshot of working people’s experiences and outlook heading out of 2020 and into the new year. Concerningly 42% of respondents cite workplace bullying as an issue in their workplace - a number ... More>>

Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>


OECD: Area Employment Rate Rose By 1.9 Percentage Points In The Third Quarter Of 2020

OECD area employment rate rose by 1.9 percentage points in the third quarter of 2020, but remained 2.5 percentage points below its pre-pandemic level The OECD area [1] employment rate – the share of the working-age population with jobs – rose ... More>>

Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>

Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021

Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even ... More>>