Retailers are expecting Boxing Day shoppers to spend $1.25bn on Tuesday as the sector hopes for relief from a drop in discretionary spending. Retail sales have been sluggish throughout 2023 as cost-of-living pressures bite. The latest Australian Bureau of Statistics figures show retail turnover was down and discretionary spending was slower than usual, something the ABS said had become a pattern as consumers wait for Black Friday and Boxing Day sales. The Australian Retail Association is hopeful that, despite the cost-of-living crisis, consumers have been delaying their purchases until Boxing Day. They have forecast about $1.25bn…
