Sunday, December 28, 2008

New Zealand shoppers make the most of Boxing Day sales

WELLINGTON, Dec. 27 (Chinese media) -- Despite the recession, or more likely because of it, New Zealand shoppers spent more this Boxing Day on Friday than last.



New Zealand's largest eftpos company, Paymark, said on Saturday that the value of recorded purchases on Friday was up 8.3 percent on the same day a year ago. That's 96 million NZ dollars worth of spending, or 7 million NZ dollars more.

At the peak of Boxing Day shopping, 69 transactions a second were being made through the eftpos company, Paymark.

Paymark said two centers stood out, with the value of Auckland sales up by 10.2 percent and Wellington's by 15.4 percent.

Many shoppers took the opportunity to redeem gift vouchers at Boxing Day sales. There were even queues at some malls before the doors opened on Friday morning.

Spending in December overall remains subdued, however, up by just 2.6 percent on a year ago.

With inflation and increasing card use, eftpos transactions recorded by Paymark have been rising by about 8 percent every year until 2008. Monthly figures since May have shown just 3 percent-5 percent growth on a year ago.

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