General
Shoppers set to spend record $2.75 billion across Australia on Boxing Day
Australians are predicted to spend a record $2.75 billion across stores nationwide this Boxing Day, according to the National Retail Association (NRA).
Key points:
- Australians are predicted by a retail group to spend a record amount across stores nationwide this Boxing Day
- The National Retail Association forecasts online sales will also be strong
- But some economists worry that a further flare-up of the COVID-19 virus following the Sydney cluster could dent retail spending
The retail lobby group is forecasting shoppers to splurge record amounts again on Boxing Day, after spending more than $2.59 billion at the shops on the same day last year.
The NRA also predicts the nation’s online spend will hit $930 million on the day, after highly…
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