Aussies to spend $1.6 billion on last minute Christmas Eve shopping

WHILE many of us are busy wrapping our gifts or preparing for our Christmas feasts, one in ten Australians
are scouring the shelves of retailers to pick up the last of their presents for loved ones.

According to the Retail Council’s Christmas Spending Index, over $1.6 billion is expected to be spent today alone, as shoppers look to put the final touches on Christmas for 2016.

“Given that Christmas Eve falls on a Saturday this year, we expect shoppers to take advantage of the extra day off work before Christmas, and get into stores to finish off their gift shopping and buy their food for a Christmas feast,” said Steve Wright, Retail Council Acting CEO.


“Almost 10 percent of shoppers indicated that they expected to finish their gift shopping today, but this number could be higher, as a number of us will pop out to grab a last minute gift for a relative or friend we might have forgotten”

Not long after the Christmas bells stop ringing, consumers are turning their minds to bargains as retailers prepare for the busy Boxing Day and January sales periods.

“This year, we are expecting one of the busiest Boxing Day and sales seasons yet, with over $2 billion expected to be spent on the 26th December alone,” said Mr Wright.

“Fifty-two percent of people we surveyed plan to go to the post-Christmas sales at some point over the December and early January period.

“This figure has jumped 13 percent from last year, showing that consumers are increasingly eager to take advantage of the great sales retailers are putting on.

“As gift cards rise in popularity as a Christmas gift, we believe more people are heading to the Boxing Day sales to maximise their value for money and cash out their gift cards and pick out a special treat for themselves.

“At the close of business on Christmas Eve, the Retail Council forecasts that Australians have spent close to $47 billion in the retail sector, an increase of 3 to 4 percent from last years’ figures.

“This reinforces the idea that Aussies really do embrace Christmas as a special time of year.”