Boxing Day sales figures from Paymark

Boxing Day sales figures from Paymark

But wait, there’s more

Wednesday 27 December, 2017

Spending was $139.0 million through the Paymark network on 26th December, up 6.4% on Boxing Day 2016 in underlying terms.

The growth rate was even stronger when limited to those non-food and non-hospitality merchants within the Core Retail sector. Their underlying annual growth rate was 8.3%.

Sectors with strong growth included Department stores (+67.9%), Appliance stores (+52.7%), Home Decorating stores (+38.1%), Toy & game shops (+25.8%), Footwear shops (+10.1%) and Book shops (+9.1%).

And sustenance was required while shopping, from the likes of Fast food outlets (+16.2%) and Restaurants and cafes (+9.3%).

It was a mixed experience amongst Clothing merchants, being down 5.1% in Auckland/Northland but up strongly in Wanganui, Marlborough, Otago, Taranaki and Bay of Plenty.

Overall, annual underlying spending growth was low in Auckland/Northland (+3.7%) and Wellington (+2.4%). Conversely growth was high in West Coast (25.7%), Marlborough (+24.4%), Wairarapa (+15.5%) and Gisborne (+12.5%).

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