SOME BACKGROUND ON THIS REPORT
Total retail spend in New Zealand for the 28 days ending 28 February 2016 was $3.5 billion. This represents an increase of 3.8% compared to the same period last year, and an increase of 4.6% when compared to the previous month. Categories with the greatest increases when compared to the previous month were Health Goods & Services (+21.1%), Liquor Stores (+10.8%) and Travel & Accommodation (+6.5%). Month on month spend was also up in the Furniture/Appliances/Electronics (+3.0%) and Supermarkets/Food Retailers (+6.3%) categories, reversing the month on month decrease seen in January. The greatest month on month decreases were seen in Clothing & Footwear (-4.1%) and Books & Stationery Stores (-3.2%) categories. Home & Building Supplies also experienced a month on month decrease (-2.5%) but was up when compared to the same period last year (+13.3%). Other categories with notable year on year increases were Liquor Stores (+8.8%), Café/Restaurants/Bars (+7.9%) and Travel & Accommodation (+6.8%).
QUARTERLY SUMMARY - February 2016
The total quarterly retail spend for the 91 days ending 28 February 2016 was $12.0 billion. This is an increase of 6.3% compared to the previous quarter and 3.4% when compared to the same period last year. Books & Stationery Stores again saw strong performance when compared to the previous quarter up 27.0%. Department Stores (+22.2%), Liquor Stores (+19.8%) and Clothing & Footwear (+12.6%) also experienced significant increases when compared to the previous quarter still buoyed by Christmas spending. Health Goods & Services saw the greatest decrease when compared to the previous quarter (-6.7%) but an increase when compared to the same period last year (+4.5%). Increases in spend when compared to the same quarter last year were led by Home & Building Supplies (+12.6%), Liquor Stores (+8.4%) and Café/Restaurants/Bars (+8.0%). Other categories experienced moderate increases of 0.2% - 5.7% in spend when compared to the same quarter last year. The only categories to see year on year decreases were Fuel/Service Stations (-2.9%) and Books & Stationery Stores (-0.6%).MONTHLY TRENDS - WELLINGTON
Wellington saw a significant month on month increase in Health Goods & Services spend (+30.3%), ahead of national trends. This increase in spend when compared to the previous month was followed by Liquor Stores (+11.9%), Furniture/Appliances/Electronics (+7.0%) and Supermarkets/Food Retailers (+6.7%). The Wellington region experienced month on month decreases in Home & Building Supplies (-7.8%), Clothing & Footwear (-5.9%), Recreation & Entertainment (-3.1%) and Department Stores (-2.8%) that were lower than the national trend. Increases in spend when compared to the same period last year followed national trends and were led by Home & Building Supplies (+12.9%), Liquor Stores (+8.1%) and Cafes/Restaurants/Bars (+6.0%).
MONTHLY TRENDS - GISBORNE
Gisborne had a strong month with significant increases in Books & Stationery Stores (+26.5%), Travel & Accommodation (+18.4%), Clothing & Footwear (+14.7%) and Health Goods & Services (+13.3%) compared to last month. The only month on month decrease was in Liquor Stores (-0.6%). Gisborne also saw increases when compared to the same period last year that were above national trends with Health Goods & Services up 13.9%, Clothing & Footwear up 13.4% and Liquor Stores up 9.2%. However, the region did see year on year decreases in Furniture/Appliances/Electronics (-11.7%), Home & Building Supplies (-10.1%) and Travel & Accommodation (-6.9%).
MONTHLY TRENDS - WEST COAST
West Coast saw the greatest month on month increases in Health Goods & Services (+13.6%), Liquor Stores (+6.5%) and Supermarkets/Food Retailers (+5.7%) categories. These increases are below national trends. The region experienced month on month decreases in Furniture/Appliances/Electronics (-15.0%), Home & Building Supplies (-12.2%) and Recreation & Entertainment (-6.7%). Significant decreases in spend when compared to the same period last year were seen in Home & Building Supplies (-21.4%), Furniture/Appliances/Electronics (-13.4%), Department Stores (-9.0%) and Travel & Accommodation (-9.0%).
This update has been supplied by our friends at Datamine. Click here to read the original report.
