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18 May 2022 18:27
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  •   Home > News > Business

    A record-breaking lead up to Christmas at the tills

    A record-breaking lead up to Christmas at the tills


    Shoppers spent $5.2 billion at retail stores in the six weeks prior to Christmas.

    That was up 6.9 percent on 2020, which saw the previous record of $4.9 billion.

    Worldline New Zealand head of data George Putnam says in the northern half of the North Island there was a spike when people realised they could leave the house and go to the shops.

    Mr Putnam says in areas like Otago, the spending was more slow and steady, because things had been stable there for longer.

    New Zealanders spent nearly $100 million on Boxing Day - slightly below last year, but slightly above the pre-Covid levels of 2019.

    © 2022 Newstalk ZB, NZCity

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     18 May: Dairy prices have dropped another 2.9 percent at the latest Global Dairy Trade auction overnight
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     17 May: An ongoing challenge for the Reserve Bank, trying to keep inflation under control
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    The Act candidate for Tauranga says comments by the temporary commissioner show disrespect for the region 17:10

    Business:
    The A2 Milk Company says it will vigorously defend itself against a class action 16:50


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