Online retail sales exceeds physical stores

Shopping cart, e-commerce, onlineFollowing a strong result in April, online retail sales in May was up 15 per cent compared to May last year, according to the latest BNZ monthly report on New Zealand’s online retail sales.

The May online retail sales was well above the 3.6 per cent growth in sales at physical stores, based on Statistics New Zealand figures for electronic card transactions for core retail excluding hospitality.

Gary Baker, director for Institutional Research, BNZ, said in comparing May 2016 to May last year, food, clothing and department stores contributed more than half of the increase in online sales at local merchants.

“Online purchases by Kiwis from offshore sites also turned in double digit-growth, up 13 per cent on last May, albeit not quite as strong as in recent months,” Baker said.

Computer products, electrical goods, clothing and entertainment media were responsible for three-quarters of the increase in online sales at offshore sites, the report stated.

Total online sales were up 14 per cent on last May, continuing the prevailing trend.


Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

Yop Polls

Easter trading
Should retailers be allowed to open on Easter Sunday?


This year’s trends confirm that consumers are taking control and are the driving force for change.

1 week ago

More men are unemployed than women for the first time since June 2010, data from Stats NZ finds.

1 week ago

Department store confirms chief executive David Thomas is stepping down, citing personal reasons, and will be repla…

1 week ago

FREE NEWS BRIEFS Get breaking news delivered