RETAILERS expect Australians to spend about $14 billion on presents in the frantic final week before Christmas Day.
National Retail Association boss Dominique Lamb says retailers are readying themselves for a hectic few days as shoppers make last-minute purchases of food and presents.
It is expected Australians will spend a total of $50.1b from the middle of November to Christmas Day, which would be an overall increase of three per cent on last year’s sales, Ms Lamb said.
Top Christmas items this year included Razor scooters, a particular Chloe handbag, a “Booty Shakin’ Llama” toy and some stores had reported shortages of Baby Yoda toys.
Ms Lamb said retailers expected cash from the Morrison government’s income tax cuts to begin to flow following disappointing October spending figures.
“Certainly there was a lot of anticipation of when and how those tax dollars would be spent,” she said.
“But it would appear people have been saving them for Christmas because now we’re starting to see those figures come through.”
From Wednesday to Christmas Eve is it expected that consumers will spend:
* NSW $4.6b
* Victoria $3.7b
* Queensland $2.6b
* Western Australia $1.5b
* South Australia $930m
* Tasmania $270m
* ACT $250m
* Northern Territory $110m.