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Retail

Cardholders spent $8.6 billion and made 157 million transactions in September, but electronic card spending still ends the month flat
14th Oct 24, 12:34pm
24
Cardholders spent $8.6 billion and made 157 million transactions in September, but electronic card spending still ends the month flat
The country's largest bank says the types of spending most sensitive to interest rates are experiencing the largest falls
19th Sep 24, 11:35am
The country's largest bank says the types of spending most sensitive to interest rates are experiencing the largest falls
NZIER's latest consensus forecasts see zero GDP growth in the 12 months to the end of March 2025
16th Sep 24, 2:21pm
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NZIER's latest consensus forecasts see zero GDP growth in the 12 months to the end of March 2025
David Hargreaves assesses the prospects for the forthcoming quarterly GDP figures, which are likely to be grim, but might hopefully point to better times ahead
15th Sep 24, 6:30am
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David Hargreaves assesses the prospects for the forthcoming quarterly GDP figures, which are likely to be grim, but might hopefully point to better times ahead
[updated]
Electronic card spending rose in August for the first time in seven months, Statistics NZ says
12th Sep 24, 12:18pm
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Electronic card spending rose in August for the first time in seven months, Statistics NZ says
Worldline NZ data shows that retail spending slipped 0.5% in August when compared with the same month in 2023
4th Sep 24, 1:35pm
10
Worldline NZ data shows that retail spending slipped 0.5% in August when compared with the same month in 2023
New Zealand retail sales down 1.2% in June quarter, extending two-year downward trend in consumer spending
23rd Aug 24, 12:44pm
71
New Zealand retail sales down 1.2% in June quarter, extending two-year downward trend in consumer spending
Latest SEEK NZ employment report shows signs of life in July with particular strength in BOP and Manawatu
20th Aug 24, 12:01am
10
Latest SEEK NZ employment report shows signs of life in July with particular strength in BOP and Manawatu
[updated]
Retail spending fell for the sixth month in a row in July according to Statistics New Zealand but only by 0.1% or $6.3 million with total electronic card expenditure for the month coming to $8.8 billion
15th Aug 24, 11:43am
21
Retail spending fell for the sixth month in a row in July according to Statistics New Zealand but only by 0.1% or $6.3 million with total electronic card expenditure for the month coming to $8.8 billion
Happy 50th birthday to the UPC barcode – no one expected you would revolutionise global commerce
27th Jul 24, 9:00am
by Guest
Happy 50th birthday to the UPC barcode – no one expected you would revolutionise global commerce
Weekend EFTPOS transactions hit $200 million and Monday transaction backlogs drop, as New Zealand moves to seven-day payments
19th Jul 24, 5:00am
6
Weekend EFTPOS transactions hit $200 million and Monday transaction backlogs drop, as New Zealand moves to seven-day payments
Latest card spending data from the country's biggest bank shows that annual growth has fallen below 1%, suggesting sales volumes are still falling
15th Jul 24, 2:16pm
13
Latest card spending data from the country's biggest bank shows that annual growth has fallen below 1%, suggesting sales volumes are still falling
[updated]
Card spending falls for the fifth time in June as households face ongoing financial strain
12th Jul 24, 12:03pm
83
Card spending falls for the fifth time in June as households face ongoing financial strain
David Hargreaves says it looks too late to 'save' this year, but if we can beat inflation, then the RBNZ will call off the dogs and the prospects for next year will be for a gradual recovery. If we can beat inflation...
30th Jun 24, 7:00am
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David Hargreaves says it looks too late to 'save' this year, but if we can beat inflation, then the RBNZ will call off the dogs and the prospects for next year will be for a gradual recovery. If we can beat inflation...
David Hargreaves sums up the first (nearly) six months of the year and thinks it would be a very good idea to stop it and start again. Unfortunately though, we will have to carry on. Here's what's transpired so far...
23rd Jun 24, 7:00am
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David Hargreaves sums up the first (nearly) six months of the year and thinks it would be a very good idea to stop it and start again. Unfortunately though, we will have to carry on. Here's what's transpired so far...
[updated]
Commerce Commission extends its decision due date for the Foodstuffs merger for the second time due to ‘unresolved issues’, will now release final decision in October
21st Jun 24, 10:47am
6
Commerce Commission extends its decision due date for the Foodstuffs merger for the second time due to ‘unresolved issues’, will now release final decision in October
It's official: The wallets are being slammed shut. Electronic card transactions data from Statistics NZ shows that retail sales figures - which are not adjusted for inflation - are below the levels of a year ago
13th Jun 24, 11:53am
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It's official: The wallets are being slammed shut. Electronic card transactions data from Statistics NZ shows that retail sales figures - which are not adjusted for inflation - are below the levels of a year ago
Latest spending data from the country's biggest bank highlights the extent to which Kiwis have put their wallets away as rising costs and higher interest rates have taken their toll
11th Jun 24, 11:36am
15
Latest spending data from the country's biggest bank highlights the extent to which Kiwis have put their wallets away as rising costs and higher interest rates have taken their toll
[updated]
Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023
23rd May 24, 12:16pm
10
Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023
Seek says job ad numbers down 30% year-on-year in April while the number of applications per job ad rose almost 100%
21st May 24, 12:01am
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Seek says job ad numbers down 30% year-on-year in April while the number of applications per job ad rose almost 100%
Stats NZ figures show retail card spending fell for the third consecutive month on a seasonally adjusted basis
14th May 24, 11:55am
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Stats NZ figures show retail card spending fell for the third consecutive month on a seasonally adjusted basis
Stats NZ figures show that retail card spending fell a seasonally-adjusted 1.8% in February after a bounce in activity in January
12th Mar 24, 11:49am
86
Stats NZ figures show that retail card spending fell a seasonally-adjusted 1.8% in February after a bounce in activity in January
Westpac says its customers are spending just 3.4% more than a year ago, while the population has grown 2.8% and retail prices have increased about 4%; customers with mortgages particularly spending less
27th Feb 24, 11:45am
5
Westpac says its customers are spending just 3.4% more than a year ago, while the population has grown 2.8% and retail prices have increased about 4%; customers with mortgages particularly spending less
David Tuffley of Australia's Griffith University details eight key corporate pricing tricks
16th Feb 24, 1:36pm
by Guest
12
David Tuffley of Australia's Griffith University details eight key corporate pricing tricks
Stats NZ figures show that retail card spending fell a seasonally-adjusted 2.0% in December
17th Jan 24, 12:23pm
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Stats NZ figures show that retail card spending fell a seasonally-adjusted 2.0% in December