Malls cut prices to entice shoppers

After just a day's rest from their biggest spend-up of the year, shoppers are expected to be out in force for the Boxing Day Sales starting today.

There are price cuts of between 20 and 50 per cent at malls around New Zealand as retailers work to keep the cash flowing.

Cameron Brewer from the Newmarket Business Association says until the doors open, it's hard to predict how well things will go.

He says many people opted for a more low-key Christmas this year, and he hopes the sales will tease out their last few dollars.

On Christmas Eve, Paymark noted EFTPOS transactions surged to 131 per second.

- NEWSTALK ZB