Australian retail sales plummeted in the final weeks of 2023 with shoppers doing their Christmas shopping a month early when goods go on sale.
Big companies running supermarkets have a responsibility to customers to not price gouge, the prime minister says, as the sector faces a review.
Deeper discounts could greet Boxing Day shoppers as retailers look to boost flatter sales ahead of Christmas from interest rate hikes and economic uncertainty.
Australians have been ordering millions of packages in the lead up to Christmas, with the festive season traditionally the busiest period for postal services.
Australians are tipped to spend more than $6 billion on Black Friday bargains, providing a boost to retailers grappling with a slow year of sales.
Australian businessman Andrew Forrest and his wife Nicola have added handmade hat brand Akubra to the brands within their private investment group Tattarang.
Woolworths supermarkets are changing the products to be displayed at checkouts and at the end of aisles as other retailers consider healthy shopping options.
Major Australian shopping centres have turned over a record $54 billion in sales last year as customers returned to bricks and mortar shops after lockdowns.
Retail giant Myer will close its flagship store in the heart of Brisbane's Queen Street Mall after posting a half-yearly 24 per cent jump in sales.
Shoppers are predicted to spend record amounts in the summer sales with clothing, hospitality and household goods expected to be the most popular categories.
Amazon Australia says it will feature a record number of Australian small businesses during its Prime Day shopping event on July 12-13.
Shoppers are expected to rack up Boxing Day records for both online and instore sales and won't let coronavirus stop them missing a bargain.