Boxing Day shopping splurge to cap off festive season
The National Retail Association (NRA) is forecasting shoppers to splurge on Boxing Day purchases to cap off a successful festive season for one of Australia’s largest industries.
Boxing Day is one of the signature events on the Australian retail calendar, with consumers descending on shopping centres in the hunt for post-Christmas bargains.
NRA CEO Dominique Lamb said that this year’s Boxing Day is set to smash all records following a highly successful festive season for the retail sector.
“Boxing Day 2020 is set to cap off a very successful festive season for Australian retail,” Ms Lamb said.
“It remains a signature event on the Australian shopping calendar, with Aussies across the country waking up bright and early on the hunt for post-Christmas bargains.
“The NRA is forecasting a Boxing Day shopping splurge of $2.75 billion at shops across Australia, breaking the 2019 record. With consumer sentiment at a 10-year high, we have really seen shoppers splash the cash in the lead up to Christmas and this will continue on Boxing Day.”
Ms Lamb also provided tips for consumers on how to navigate bustling crowds and make the shopping experience as convenient as possible.
“Doing some basic homework before heading to the shops can make Boxing Day a lot easier. This includes checking what time stores open, researching products, comparing prices and exploring public transport options,” Ms Lamb said.
“It can also be a long day, so we recommend that people come equipped with a bottle of water, comfortable shoes and pack lightly,” she said.
The NRA is forecasting a record Boxing Day spend of $2.75 billion nationwide, with an increase across every state and territory. Online spend is also set to be popular with $930 million in digital sales to take place throughout Australia.
|STATE||ROUNDED ($M) 2019||2020 Growth||ROUNDED ($M) 2020|
|NSW||$871 Million||5%||$914 Million|
|VIC||$825 Million||4%||$858 Million|
|QLD||$441 Million||6%||$467 Million|
|SA||$129 Million||4%||$134 Million|
|WA||$221 Million||6%||$235 Million|
|TAS||$56 Million||5%||$59 Million|
|NT||$27 Million||4%||$28 Million|
|ACT||$54 Million||5%||$57 Million|
|TOTALS||$2.62 Billion||5%||$2.75 Billion|
|Online Sales||Boxing Day Projection 2019 ($M)||2020 Growth||Boxing Day Projection 2020 ($M)|