Despite warnings of tough economic times in 2023, Knoff-Thomas said that for now, shoppers are enjoying the first recent Christmas without Covid restrictions. Four of the last six weekends were record-breakers for Newmarket.
“Black Friday was just shy of $5 million in sales for the day and we expect to carry on that trajectory and look to budget $85m to $95m for the month of December,” he said.
Retailers right across the spectrum are reporting strong sales with lifestyle apparel, homeware, department stores selling strongly and small giftware stores spiking at this time of the year.
“Hospitality has also rebounded strongly.”
Asked how retailers are feeling a week out from the Christmas celebrations, Knoff-Thomas said they are too busy and haven’t got time to be chuffed.
Meanwhile, Paymark is today due to release figures on Eftpos usage and spending for Christmas over the weekend.