Australians are set to spend billions on Boxing Day sales as retailers prepare larger discounts than usual after a slow year. Sales spending for the Boxing Day period to December 31 is set to be around $9 billion including $3 billion on Boxing Day itself, retailers say. Flat sales have resulted from multiple interest rate hikes and economic uncertainty in the lead-up to Christmas, National Retail Association director Rob Godwin said. Retailers will try to offset this slow period with larger Boxing Day discounts in a bid to boost end-of-year spending, the industry association expects. "That's good news for buyers, but it's also…
