The traditional Father’s Day presents of books and sporting goods may reign supreme, but flowers are also becoming increasingly popular. Data released by Paymark has tracked the trends in spending over the celebratory day and showed an overall decrease in spending.
Spending momentum across the country slowed down in the month of March, but growth in the regions was notably higher than that of Auckland, Wellington and Canterbury. Out of all the regions, Paymark data shows Bay of Plenty was bolstered by Easter spending and had
Figures from Paymark show tourists are contributing significantly to local spending, with the top spenders being the UK, the US and Australia. Over $270 million has been contributed to the local economy through February by credit card.
There’s nothing like love to get people prying open their wallets, and data from Paymark confirms as much. February 14th boosted the sales of the jewellery, music, restaurant and movie sectors in New Zealand, with all experiencing strong sales growth.
The holiday season’s peak spending period has finished and most people have reluctantly trudged back to work, leaving retailers to assess how successful their sales were. We look at the data collected by Paymark, Vend and eStar to see how 2015’s Christmas and New Years
Paradigm Strategy Partners managing partner Donald Blair explains why the potential sale of Paymark is significant for New Zealand retailers, as it could mean the end of Eftpos as we know it.
Young Male Entrepreneur of the Year, law student and New Zealand representative in business strategy, Jesse Medcalf, discusses why retailers need to keep up to date with technology to retain Millennial engagement and loyalty.
A study has found offering in-store wifi led to a 28 percent increase in customer loyalty in shops. This was also associated with a 2 percent increase in sales. Is it worth investing in wifi? The answer across the board seems to be a resounding