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Home / Business / Companies / Retail

Christmas gifts trump Boxing Day bargains

Francis Cook
By Francis Cook
Homepage Editor·NZ Herald·
26 Dec, 2016 08:43 PM2 mins to read

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Shoppers at Sylvia Park Boxing Day sales. Photo / Michael Craig

Shoppers at Sylvia Park Boxing Day sales. Photo / Michael Craig

Kiwis were more focused on buying gifts for Christmas than getting Boxing Day bargains, new figures from Paymark - which accounts for over 75 per cent of New Zealand's payments - show.

New Zealanders spent $152.7 million through Paymark Eftpos this year, a modest increase of 1.9 per cent on the previous year.

Wellington showed the highest growth of a major city with a 4.8 per cent increase on last year, while Auckland/Northland posted 0.9 per cent growth.

Auckland/Northland's had the highest spend with $63.8m in transactions, followed by Canterbury at $15.8m and Wellington at $13.3m.

Taranaki was the fastest growing region with a 7.3 per cent annual change, with Nelson, Otago and Bay of Plenty posting strong results with 6.0 per cent, 5.7 per cent, and 5.0 per cent increases respectively.

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The West Coast was the biggest loser with only $1.0m spent, a decrease of 9.2 per cent followed by Marlborough which saw a 5.8 per cent decrease and a spend of $1.9m.

Boxing Day appeared to be a quiet one compared to the days leading up to Christmas.

$247.1m was spent on Christmas Eve as last minute shoppers scrambled for presents, while the day saw a record spend across New Zealand of $306.2m.

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