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Saturday 25 June 2022

Supermarkets strong in record Q3 retail sales results

24th November 2020 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

New Zealand’s retail sector put the national Covid lockdown in the rearview mirror in the September quarter, recording a 7.4% jump in retail sales to $25.5bn.

The latest Retail Trade Survey data from Stats NZ showed that the value of total retail sales was $1.8bn higher than the same three month period last year, adding it was the largest September quarter rise since the series began in 1995. 

The strong quarter followed an historic fall of $3.6bn or 15% to $20bn in the Covid-19-affected quarter to the end of June 2020.

The supermarket and grocery sector recorded a strong September quarter up 8.4% or $429m on Q3 2019 to $5.5bn, second only to motor vehicles and parts retailing which was up 8.4% or $429m compared with the previous corresponding period.

Stats NZ said food and liquor sales remained high from supermarket locations throughout New Zealand, as supermarkets remained open as an essential service over all the Covid-19 lockdown periods.

Food and beverage services however showed the impact of ongoing alert level restrictions, down $93,000 compared with last year to come in at $2.9bn.

“While the year-on-year spending is encouraging for most industries, the hospitality sector is still suffering the economic impacts of border restrictions and a further lockdown period imposed on the Auckland region for part of this quarter,” retail statistics manager Sue Chapman said.

Chapman added that the strong September put year end sales “just shy of last year’s value” down 0.2% or $172m to $97.6bn.

However, Stats NZ said sales for the same period from 2018 to 2019 were up 4% or $3.7bn to $97.8bn showing the dampening effect lockdown had on the annual upward trend.

 

 


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