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There was a time where the only thing a child wanted for Christmas was a new bike, a hula hoop or a yo-yo. Now the kids are demanding iPads, drones and artificially-intelligent teddy bears.
It’s no surprise then three-quarters of Australian shoppers are burning through their savings at Christmas time.
Research indicates Santa’s largesse is barely putting a dent in the costs of Christmas: one in five Australians are unable to stick to their budget. More than one third of shoppers are putting that extra spending on their credit cards.
" Research indicates Santa is barely putting a dent in the costs of Christmas."
But it’s not just the shoppers who are moving away from physical sales - retailers are changing their ways as customers head online searching for better bargains and sales.
These trends, on the consumer and merchant side, are actually shifting the festive shopping season – along with other fundamental elements of competition.
Navigate the interactive infographic below to discover when most retailers are starting their sales. Here’s a hint: the majority are not waiting for Boxing Day.
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The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.
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anzcomau:Bluenotes/business-finance,anzcomau:Bluenotes/Infographic,anzcomau:Bluenotes/Digital
blueprints: paying for Christmas
2017-12-15
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EDITOR'S PICKS
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Why limit your Summer to-do list to paperbacks? Enjoy some digital holiday recommendations from ANZ execs.
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We share expert advice on how they get the most out of this make-or-break time of year.
2017-12-11 12:46