Price-Conscious Aussies Spend up on Record Black Friday

Sale signs are seen outside shops during Black Friday sales at Chadstone Shopping Centre in Melbourne, Australia, on Nov. 25, 2022. AAP Image/Diego Fedele

Electronic gadgets, home entertainment, and holiday bookings have helped drive booming Black Friday sales, putting shoppers on track to spend a record amount despite cost-of-living pressures.

Australian consumers were on target to splurge $6.7 billion (US$4.4 billion) at this year’s Black Friday to Cyber Monday sales, up 5.5 percent from 2023, the Australian Retail Association said.