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%).