Retail Spending Increases in Kaikohe

FOR RELEASE:

Summer Retail Spending Increase in Kaikohe

February 12^th 2014, Kaikohe

The Kaikohe Economic Development Group is pleased to release figures today showing an increase in retail spending and volume of transactions in Kaikohe over summer. Figures obtained from Market View Limited on Paymark transactions show that retail spending in Kaikohe in December 2013 was up 12.5% from December 2012 and the volume of transactions up 10.3%. On the basis of this surface information, the Kaikohe Economic Development Group intends to dig deeper and do a wider sweep of the area to make sure they have all the retailers and run a more precise check. The next set of data will include all merchants (not just the ones on Paymark) and will likely include some merchants that aren’t currently in the Market View system. This added layer of information will show the group where the growth in the retail market is really happening and what areas aren’t doing so well. As a subcommittee of the Kaikohe Business Association, the Economic Development Group has a goal to increase the economic inflows into the community and decrease the economic outflows. The group is working with everyone it can to attract industry, support existing businesses, increase visitors and work with the community to create new and sustainable jobs in Kaikohe.

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