27 Dec 2010

Less spent at Boxing Day sales

5:00 pm on 27 December 2010

Shoppers have spent less at the Boxing Day sales this year: the value of sales dropped by nearly 3% compared to last year.

Paymark, which calculates the amount of Eftpos and credit-card transactions, says $98.9 million was spent at the shops on 26 December, $3 million less than in 2009.

The number of transactions dropped by 6.7%.

Paymark spokesperson Paul Wiston says it's a significant drop, given that sales last year were higher than in 2008 - and even more significant when inflation and October's 2.5% GST increase are taken into account.