Retailers reaping the benefits of Aussies keen to spend up
Retailers are reaping the benefits of Australians looking to splash the cash in the lead-up to Christmas.
CEO of the National Retail Association, Dominique Lamb, said Australians were eager to spend and celebrate, in a win for retailers.
“The next two weeks are going to be massive,” she told Scott Emerson.
“We know that Australians this year are set to spend $52.3 billion nationally in store.
“We know people are definitely getting out and about and spending money, and that they have been stockpiling money … we know people are now planning for events.
“People are no spending money on things like apparel and discretionary items … there seems to be a societal need to celebrate something and partake in Christmas this year.”
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