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Tourism spend continues to rise in 2015, Paymark figures show

  • News
  • March 5, 2015
  • Sarah Dunn
Tourism spend continues to rise in 2015, Paymark figures show

Paymark processed credit card transactions from approximately 148 foreign countries during February. Foreign card spending was highest in Otago, where visitors to the country spent 32 percent more than the previous year, and in the Bay of Plenty, where foreign spending was up by 26.1 percent.

The highest number of foreign transactions came from Chinese and US-issued credit cards, with Australians and UK residents also spending heavily.

“Not surprisingly, more than 60% of the foreign card spending in February came through merchants in the hospitality or tourism sectors such as hotels, cafes and tourist activity operators,” says Paymark head of customer relations, Mark Spicer.

Other sectors that reaped the benefits of the increasing number of visitors to New Zealand were supermarkets and takeaways with an extra $2.9 million transacted through overseas credit cards. The clothing, footwear and jewellery sectors received a $2 million boost, but their overall growth remains slow with an annual increase of 2.6 percent.

Spending at department stores is up 6.2 percent year on year.

Spicer said the extra foreign card spending was a significant factor behind double-digit annual spending growth in the hospitality sector. Annual spending growth also remains strong in the furniture, hardware, construction and building supply sectors.

Overall, however, New Zealand’s total spending growth was moderate at 4.3 percent.

Spicer says this reflects the continuing low fuel prices. He said February tended to see people concentrating on their return to work and the start of the school year.

“There’s a strong seasonal element whereby it’s back to reality for the majority of Kiwis and that shows across most spending.”

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Pak'nSave wins August's Ad Impact Award

  • News
  • September 12, 2019
  • StopPress Team
Pak'nSave wins August's Ad Impact Award

August was an amazing month for advertising and choosing a winner of the Colmar Brunton Ad Impact Award was a difficult task. This month, the honour goes to PAK’nSAVE with their latest advertisement ‘Saveyest Country’, which uses their classic stick man to show how New Zealanders are saving, not just at PAK’nSAVE.

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Spark’s new concept store at Westfield Newmarket

  • Design
  • September 12, 2019
  • Sarah Dunn
Spark’s new concept store at Westfield Newmarket

When Westfield Newmarket opened, telecommunications company Spark took the opportunity to launch a new concept store which prioritised innovative technology and an immersive retail experience.

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  • News
  • September 11, 2019
  • The Register
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Listed outdoor goods retailer Kathmandu has secured B Corp accreditation, making it the largest business of its kind to have done so in Australia and New Zealand.

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One of China’s fastest-growing ecommerce businesses, Aomaijia, has launched its first Australasian offices in Sydney. This will enable it to source products from Australia and New Zealand to sell to its 30 million Chinese shoppers.

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