Business
‘Treat yourselves’: Fluffy blankets, electronics top shoppers’ lists – Sydney Morning Herald
Fluffy hooded blankets, personalised coffee cups and electronics are among the items Australians are tipped to buy this festive season as retailers prepare for…
Mr Woolford and his team have calculated that households cumulatively have an additional $120 billion in savings compared to this time last year, a boost they expect will flow into the retail sector.
Households are expected to spend an average of $3700 on Christmas across both food and general retailing, Mr Woolford said, with spending on liquor, electronics and sports-related items likely to be the strongest.
For this reason, Citi believes “conditions are ripe” for major retailers such as JB Hi-Fi,…
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