Joint research from the Retailers Association and Roy Morgan Research is predicting a bumper new year for retailers. Both stores and online sellers are expected to boast new-year sales by an average of 3.6 per cent on last year.

New South Wales (4.2%) and Victoria (4.0%) will lead the retail frenzy. While South Australia (3.4%), Queensland and the Northern Territory (both 3.2%) will be following hard. The ACT is expected to trail the rest of the nation with a modest growth on lat year’s sales of 1.2%.

But not everyone will be cashing in.

The apparel sector is expected to post losses of 0.3 per cent in the post-Christmas sales. This prediction comes in light of unseasonably warm weather and high competition from overseas retailers.

The current low interest rates and falling fuel prices will be leaving many Aussie consumers with money in their accounts. This will transfer into increased retail spending when the post-Christmas sales come around.

Retail sales grew by a modest 0.4 per cent on October; down from 1.3 per cent in September – the largest growth rate in the last five years.

However, the report also made note of a depressed consumer sentiment and soft income growth; meaning the predicted improved retail spending might be short lived.

The post-Christmas sales are expected to begin 6pm AEST on Christmas (yes, a post-Christmas sale prior to Christmas!). Something the larger retailers have trialled and adopted in the past two years.

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