Boxing Day sales: Australians likely to spend A$4B

December 24, 2021 07:00 AM AEDT | By Sonal Goyal

Boxing Day sales: Australians likely to spend A$4B — Image source: © Kurhan | Megapixl.com

Commonwealth Bank research highlights

CBA research indicated that 69% of Australians are expected to spend AU$4 billion for buying single or multiple items. The sales are higher by 14% than the previous year.

57% of the sales is expected from the shoes, apparel and new clothes category and 18 to 29 age female group is estimated to be the biggest shoppers in this category.

Technology becomes the second-largest category with 36% of sales coming from this category. The tech enthusiasts are males in the age group of 30 to 39 that will become the tech buyers.

White goods and home electricals make 31% of the sales and 29% of sales is expected to come from the furniture category.

Moreover, the research data indicated that 41% of Australians will rush to the stores and 28% plan to hit the sales through both online and in-store.

Bottom Line

As COVID-19 related restrictions are eased, and Boxing Daty sales is around the corner, it is recommended that shoppers should follow all the safety guidelines as a new variant has also hit the market.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.