Kiwi shoppers splurge ahead of Christmas

  • 25/11/2017
Shoppers spent a total of $219 million on Friday using electronic payment terminals operated by Paymark.
Shoppers spent a total of $219 million on Friday using electronic payment terminals operated by Paymark. Photo credit: file

Thanksgiving deals and sunny skies have led Kiwis on a shopping splurge ahead of Christmas, an electronic payment system provider says.

Shoppers spent a total of $219 million on Friday using electronic payment terminals operated by Paymark.

This included a 32.8 percent jump in spending with retail outlets compared to a week earlier and a 25.2 percent jump on spending on the same Friday in 2016.

The jump in spending was due to Kiwi retailers increasingly holding sales to celebrate "Black Friday" - a traditional day for specials in the US during the Thanksgiving break - Paymark said.

However, the provider also credited sunny weather across much of the country as an influencing factor.

The jump in total spending was highest in Marlborough, including in the town of Kaikoura, which was ravaged by a magnitude 7.8 earthquake last November.

Consumers in the region spent 27.4 percent more on Friday compared to a year earlier.

Auckland and Northland consumers spent $88.6m on Friday or 7.5 percent more than a year earlier.

Paymark operates more than 75 percent of the terminals used by Kiwi businesses to conduct electronic payments.

NZN