Ka Ching, the cash registers ring


Well done you spendthrifts – NZ sets a new Christmas retail?record.

Last-minute Christmas shopping is setting new records with New Zealand’s largest electronic transaction company processing more sales than ever before.

New Zealanders have spent more than $147 million up to 1pm on Christmas Eve according to Paymark, with more than half a million transactions an hour during the shopping peak.

The company processed 157.46 transactions per second at 12.21pm, a new record.? Read more »

Project nightmares – you’ve been here, haven’t you?

So much for poverty, busiest Boxing day sales ever

Looks like the poor state of the economy is a figment of the opposition’s imagination.

Lydia Anderson at the Herald reports:

Yesterday’s manic Boxing Day sales were the busiest ever, according to new Paymark figures.

Paymark, which processes around three quarters of New Zealand’s electronic transactions, saw a 12 per cent increase in spending on Boxing Day – an additional $14.4 million in retailers’ pockets compared to the same day last year.

In total, Kiwis spent $134.4m yesterday. ?? Read more »