Christmas splurge expected to hit $14b

Retailers expect Australians to spend about $14 billion on presents in the frantic final week before Christmas Day.

National Retail Association boss Dominique Lamb says retailers are readying themselves for a hectic few days as shoppers make last-minute purchases of food and presents.

But it comes as Monash University research shows overcrowded shopping centres turn customers off spending up big, with retail spending expected to be the lowest in six years.

AAP

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