Post-Christmas sales forecast to reach a record $23.5 billion – up 7.9% yoy

Australian retail sales are set to remain strong following the festive trading period, with consumers predicted to spend a record $23.5 billion during the Boxing Day sales– an increase of 7.9% over last year – according to forecasts released today by the Australian Retailers Association (ARA) in collaboration with strategic partners Roy Morgan and Salesforce.  

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Christmas comes early as retail spending grows 5% year-on-year in November

Australian retail sales increased 5% in November compared to the same time last year, according to the latest Mastercard SpendingPulse™, which measures in-store and online retail sales across all forms of payment.
Most retail categories continued to record significant year on year sales growth as we cycle the impact of the 2021 Omicron wave. Lodging recorded the biggest increase in trade in November, up 21% compared to 12 months prior, followed by Grocery (up 10.3%), Restaurants (up 8.9%), Apparel (up 8.6%), Fuel and Convenience (up 4.8%) and Electronics (up 2.6%). There were year-on-year falls for Home Furnishings (down 4.1%) and Jewellery (down 1.2%) off an elevated level of sales in the previous year due to the pandemic.

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