BRICKS & MORTAR SPENDING GROWTH HALF THAT OF ONLINE

By NZHJ June 01, 2016 Retailing News

Local online retail spending by Kiwis in April was +14% on April 2015, double the growth being seen by bricks & mortar (+7% according to Stats NZ).

Clothing and Food have been key contributors to higher spending over the past 12 months and were responsible for approximately 60% of the increase in online spending at local merchants since April last year.

The BNZ and Marketview in their monthly update, say that, once again, spending growth at local merchants (+14%) was less than at overseas websites (+19%).

Part of this growth reflects higher offshore prices in NZ dollar terms, they say. And, once again, overseas Computer & Entertainment Media stores featured strongly in this growth.

Spending at Furniture, Housewares and Hardware retailers made up just 6% of total online spending in the 12 months to end April.

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