Monday, December 26, 2011

Boxing Day shoppers swamp stores but still cautious


SHOPPING centers yesterday were overloaded by Boxing Day time bargain hunters, but retailers enjoyed merely a slight increase within post-Christmas spending in contrast to last year.

Australian National Retailers Association leader Margy Osmond stated shoppers remained careful when opening their own wallets, but the product sales still kicked off to some reasonable start.

"It probably puts it within the territory of being comparable or a tiny bit better than this past year, " she stated.

"The projected invest Queensland on Boxing Day time sales (today) is all about $325 million. inch

Major shopping centers, including Westfield Chermside, had been inundated by crowds of people of shoppers, but House homeware shop employee Carmen Ribeiro said it had been quieter compared using the 2010 Boxing Day time sales.

"Chermside hasn't already been as busy as it was previously, " she stated. "With the number of individuals last year it had been so busy a person couldn't walk. inch
Australian Retailers Organization executive director Russell Zimmerman stated sales were just slightly up, but "things had been pretty good" along with total sales for Queensland to achieve $2. 78 million post-Christmas.

Mr Zimmerman stated total sales across the country from Boxing Day time through to the center of January are likely to be up two. 4 per penny to $14. 1 million.

This was due to the recent interest price falls which experienced helped boost customer confidence, " Mr Zimmerman stated.

"The spending is up since the Reserve Bank experienced two rate decreases that have both been handed on in the major banks.

"People are feeling that there's a bit more money in their own wallet, " Mr Zimmerman stated.

"It gives individuals the confidence to realise there's unlikely to be any more rate increases and they also are breathing the sigh of alleviation. "



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