Shoppers in sales frenzy
TWEED shoppers did their part to help the nation spend $14 billion during the post-Christmas sales.
Tweed shopping centres were packed on Boxing Day and continued to attract large crowds yesterday as hundreds of people searched for bargains.
Tweed City Shopping Centre was bustling on Saturday and retailers expected the rush to last until mid-January.
Among the crowd were Chloe Woods, Mitch Bruce and Tyronne Brierly, who spent their savings on electronics and games.
The trio represented the trend of most shoppers with stores such as EB Games and JB Hi-Fi overrun with shoppers at the weekend.
Australian National Retailers Association (ANRA) chief executive Margy Osmond said purchases of LCD and plasma televisions, other home electronics, manchester and women’s fashion led sales.
But she added it was too early to tell how retail sales figures would shape up.
“I can say though that they’ve been extremely healthy,” Ms Osmond said.
“The state of the Aussie dollar means that retailers can keep those prices low.”
Economic modelling by Access Economics for ANRA predicted Australians would part with close to $14.7 billion during the post-Christmas sales, a slight increase on the $14.2 billion spent last year during the Boxing Day and New Year period.
New South Wales residents are predicted to spend $4.5 billion between Boxing Day and January 15, compared with last year’s $4.4 billion.
But Ms Osmond said Australia’s biggest shopping day is not necessarily a guide to what will happen in 2010 as the first quarter of any calendar year was always the worst for retail.
“And we will be going into that period on the back of three interest rate increases,” she said.
“So it could be a fairly funky year for retail in 2010 and we’re not projecting a very high level of growth in the coming year.”
Shoppers all over the nation showed their enthusiasm for sales on Boxing Day with some queuing from 11pm on Christmas night to snap up a bargain.
In Melbourne, Myer had 1000 people waiting outside when it opened its doors at 5am on Saturday and by late afternoon it was still shoulder to shoulder in the aisles.
In Sydney, it was elbow room only as shoppers braved crowds and wet weather to seek bargains. In Brisbane, Myer appeared to be the focus of bargain hunters in the Queen St Mall while on the Gold Coast Pacific Fair and Robina Town Centre attracted large numbers.