Christmas spending powers up
Australians will move their Christmas shopping into top gear this week, with shoppers are expected to spend more than $8.7 billion in the next seven days as the countdown to Christmas begins, according to the latest projections from the Australian National Retailers Association (ANRA) Christmas Retail Index.
ANRA CEO, Margy Osmond, said Christmas shopping will intensify this week as shoppers finalise Christmas preparations.
“Retailers will be bracing themselves for a Christmas shopping frenzy over the next seven days where sales are expected to surge more than $1.65 billion since last week to $8.7 billion – up 23 per cent.
“Instore the tills will be ringing around the clock, with spending expected to soar to $7.8 billion – up 23 per cent from last week’s spending in bricks and mortar stores.
“About $900 million will be spent locally online – dropping 40 per cent since last week. We would expect a bulk of online shopping to be completed now, with shoppers crossing their fingers their online purchases are delivered in time,” said Osmond. Inside Retails – Read more…