2018 Christmas retail sales to grow 2.9% to $51.5 billion
2018 Christmas retails sales to grow 2.9% to $51.5 billion
US Opinion Research

Roy Morgan’s annual Christmas retail sales forecasts conducted in conjunction with the Australian Retailers Association (ARA) indicate Australians will spend nearly $51.5 billion across retail stores during the Christmas trading period from November 9-December 24 (46 days).

Forecast retail spending this Christmas of almost $51.5 billion is an increase of 2.9% from the $50 billion of retail expenditure during the 2017 Christmas trading period.

Roy Morgan’s annual Christmas retail sales forecasts conducted in conjunction with the Australian Retailers Association (ARA) indicate Australians will spend nearly $51.5 billion across retail stores during the Christmas trading period from November 9-December 24 (46 days).

Forecast retail spending this Christmas of almost $51.5 billion is an increase of 2.9% from the $50 billion of retail expenditure during the 2017 Christmas trading period.

Growth in retail expenditure is predicted across all six categories measured with spending on Food expected to grow the fastest by 3.7% from a year ago to nearly $21 billion. Also expected to enjoy strong growth are Hospitality businesses by 3.2% to over $7.3 billion.

Apparel and Household Goods will also record a significant increase in trade, with Roy Morgan and the ARA predicting $4 billion to be spent on Apparel including clothing, footwear & accessories, a 3.1% increase from 2017, while over $8.9 billion is forecast to be spent on Household Goods, a 2% increase from a year ago.

The slowest growing category is predicted to be Department stores for which spending is forecast to increase by 0.3% to $2.943 billion.

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