WA’s festive spend on par
Australian Retailers Association executive director Russell Zimmerman said there was no increase from last year as there was pressure on food pricing in the state from the roll out of Aldi stores.
“Food sales make up 40 per cent of retail figures,” he told AAP on Friday.
“Coles and Woolworths want to keep their market share so there’s pressure on food prices.
“Fortunately for consumers, there’s not much growth in retail while food is under pressure.”
The national average for Christmas spending increased by 2.3 per cent, with shoppers forecast to spend a total of $48.1 billion in the six weeks leading to Christmas, $19.4 billion of which will have been on food.
The Northern Territory is the only other state where holiday spending did not increase, however WA residents are expected to embrace the post-Christmas sales.
“We forecast that WA will spend $1.9 billion in the post-Christmas period, 0.1 per cent up from last year,” Zimmerman said.
Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.
Inside Retail Polls
Resellers revealed an ugly side to the retail industry after Kobe Bryant's tragic death, selling his merch at a sig… https://t.co/AcQAoEK0B733 mins ago
Dean Salakas of The Party People is among our guest speakers at Inside Retail Live. Learn more about his plans on e… https://t.co/DGckEKA4ED3 hours ago