Boxing Day spending jumps

CLAIRE ROGERS
Last updated 12:54 27/12/2012

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Kiwis hit the shops with gusto yesterday, pushing Boxing Day spending up 13.4 per cent or $14.2 million on the same day last year, according to Paymark.

Shoppers put more than two million transactions and $120m through retailers' tills yesterday. 

Paymark sales and marketing head Paul Whiston said the result was a return to the kind of spending growth figures seen prior to the global financial crisis and was the first time in five years it had seen double-digit growth on Boxing Day. 

Consumer electronics such as phones and computers were especially popular with shoppers yesterday, with sales up almost 32 per cent on last year. 

Spending in clothing and apparel was up nearly 21 per cent on last year, while jewellery spending shot up more than 24 per cent. 

Department store spending rose more than 22 per cent year-on-year. 

Gisborne saw the biggest shopping boom of all the regions, with spending up almost 23 per cent on Boxing Day last year. 

Palmerston North and Taranaki/Taupo were both up over 18 per cent, while spending in Auckland/Northland rose nearly 14 per cent.

In the Wellington region, spending jumped over 12 per cent year-on-year. 

Paymark processes about three-quarters of electronic transactions in New Zealand.

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- BusinessDay.co.nz

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