Press Release – Paymark
As the final Christmas shopping weekend approaches, Paymark figures released today show a positive return for retailers in the 21 days ending the 20th of December, with a 4.7 per cent year-on-year spending increase, representing $148.7 million more than the same period last year.
During the last seven days spending was up 5.8 per cent. This makes it one of the highest spending weeks of the year and yesterday we broke through four million transactions in one day for only the sixth time in our history.
Many regions have shown particularly strong growth throughout December to date. Auckland/Northland spending is up by 5.2%, with Auckland/Northland retailers seeing an extra $65.9 million through their tills compared to 2011.
It appears Kiwis are still hard at work on their homes this Christmas, with floor covering and furniture stores reporting spending growth of 20.6 per cent year-on-year and garden stores and hardware/building supply stores up 10.1 per cent and 10.3 per cent respectively.
Many Kiwis may also need to loosen their belt notches this Christmas as food and liquor retailers reaped the benefits of the party season. Restaurants bars and cafes were up 7.3 per cent year-on-year as well as takeaway shops (+6.5%) and liquor retailers (+11.5%).
Please visit http://www.paymarkmediaroom.co.nz/christmas-spending-strong-with-three-full-shopping-days-to-go.html for the latest figures from Paymark