Aussies Predicted to Spend $4.6 Billion on Boxing Day Sales

Cost of living pressures were driving a significant change in Australians’ shopping behaviour, the CBA said.

Customers run through the doors of the David Jones Elizabeth Street store for the 6 a.m. opening during the Boxing Day sales on Dec. 26, 2019, in Sydney, Australia. Jenny Evans/Getty Images

Nearly one in two Australians have made plans to shop at the Boxing Day sales, with one of the big four banks predicting around $4.6 billion (US$3.1 billion) to be spent on post-Christmas stock.

That’s according to the Commonwealth Bank of Australia (CBA), which said that the cost of living pressures were driving a significant change in Australians’ shopping behaviour.