The Rugby World Cup will be welcome relief for retailers dealing with a slowdown in retail spending, electronic payments provider Paymark says.
Latest figures show that while the value of transactions during July and August rose 3.7 per cent against last year - growth was below that recorded for the first half of this year.
Paymark's head of sales and marketing Paul Whiston said the slowdown had been particularly noticeable during the last two months with soft trading conditions across most sectors.
"I think it would be fair to say that few businesses have escaped the mixed spending patterns."
The anticipated spending boost by tourists in New Zealand for the Rugby World Cup, would be welcomed by retailers, he said.
