Retailers are looking forward for a fabulous Boxing Day shopping on Sunday after shabby holiday sales. Thousands of people are expected to surge into retail stores in order to purchase items in the post-Christmas shopping day, the nation’s biggest shopping day of the year.
Shoppers have not yet fully recovered from several burning financial crises to indulge in unnecessary spending in holiday and post-holiday seasons. Shoppers were unable to spend a lot more on spending this year because of November interest rate rise and subsequent lending rate increase by major banks.
So it is not easy to predict how shoppers will behave on this Boxing Day on Sunday 27, December, 2011. Australian National Retail Association spokeswoman Margy Osmond admitted that global financial slowdown has utterly transformed Australian shoppers. This change will reflect in the shopping trends of Boxing Day, she said.
“What we are seeing now is consumers becoming unbelievably cautious about the way they spend,” Osmond explained. “It is still going to be a fairly flat Christmas, but those Boxing Day sales are going to be fabulous.”
Indeed, shoppers are warned by experts not to spend on something that is not affordable for them. Queensland Fair Trading Minister Peter Lawlor requested Australian shoppers to stay away from overspending and to spend on necessary items. “Don’t get caught up in the sales hype, especially in the Boxing Day sales,” Lawlor advised shoppers ahead of Boxing Day.
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