Shoppers are expected to splurge $1.25 billion at the Boxing Day sales. The Australian Retailers Association expects the first week of the sales will net $3.55b, while spending to January 15 could reach as high as $23.9b. It's still the biggest shopping event of the year, despite the growth in popularity in recent years of the Black Friday and Cyber Monday events held in November. Spending on Boxing day is set to jump 1.6 per cent compared to 2022. The association describes it as modest but still encouraging, considering cost-of-living pressures. Roy Morgan research conducted for the association shows spending on food between…
