Aussie shoppers spend big at Christmas

Australians are hitting the shops in the final pre-Christmas splurge before shops shut, spending billions as the countdown to Christmas reaches its final hours.

Shoppers.

Shoppers are expected to splurge a record $50 billion on retail sales this festive season. (AAP) Source: AAP

The countdown is on for shoppers wanting to pick up last-minute Christmas gifts as the national spend continues to mount.

In the 10-day countdown to Christmas Eve shoppers are predicted to blow around $18 billion nationwide, according to the National Retail Association.

That figure is expected to reach $51.4 billion around the country in the period between November 15 to Christmas Eve, according to the Australian Retailers Association.

Overall, the spend is up 2.9 per cent on previous years.


"Black Friday and Cyber Monday both occurred in the lead up to Christmas and they have become a very important aspect of the Christmas trade," ARA executive director Russell Zimmerman told AAP.

"Every retailer I've spoken to in the past couple of days has been very comfortable with the way sales have gone."

Mr Zimmerman says the biggest increase is in online sales but food is at the top of the list when it comes to increased indulgence.

"Food has topped the increase this year," he says.

"With the drought, there have been a lot of people affected by this drought in country towns. So prices of food have gone up.

"The other thing that's got a fairly high increase is hospitality, so eating out."

Apparel has increased by 3.1 per cent.

"I don't think the discounting is as harsh and hard as it has been in years gone by."

And retailers are predicting that Australians will spend a further $2.4 billion in the Boxing Day sales, an increase of 5.5 per cent on last year.

Most shopping centres will close by 6pm on Chrismas eve but some are staying open up until midnight.


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Presented by Justin Sungil Park
Source: AAP

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