Friday 28 December 2012

Boxing Day Sales Meet Expectations

Reports from retailers and retailer associations suggest that Boxing Day sales have pretty much met expectations although card usage spiked.
Retailers expect a small percentage increase over 2011 which would be in line with Christmas lead-up sales which were generally flat. The ARA and Roy Morgan Research predicted that sales in the period from Boxing Day through to mid-January would increase by just 1% over last year. In the US, retail sales for the two months leading up to Christmas increased by only 0.7%.
Credit card use showed a jump with NAB reporting a 30% increase over last year and nearly 4 million card transactions for the day.