Boxing Day 'spending hits $2.4 billion'

Australian Retailers Association tipped this year's Boxing Day sales to have reached $2.4 billion.

Executive Director Russell Zimmerman says, "This year the ARA predicted retailers would trade almost $2.4 billion this Boxing Day, and judging by the increase in foot-traffic and shoppers lining outside bricks-and-mortar stores, I think we may have hit the mark."

"Every year Boxing Day crowds seem to grow, however with the growth of online retail the ARA believe many Australians got their bargains online this year, with consumers choosing to click through websites to take advantage of the best sales of the year."

Boxing Day is the start of the sale period and the ARA and Roy Morgan Research expect shoppers to spend $17.9 billion from Boxing Day to January 15.

Read more from: Briefly...
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