Commercial property sector welcomes Boxing Day sales
Commercial property owners received a Christmas boost as the traditional Boxing Day sales proved a ...
Commercial property owners received a Christmas boost as the traditional Boxing Day sales proved a hit with shoppers.
With some stores offering discounts of up to 70 per cent, entry to stores became problematic and some managers chose to regulate customer movements.
Managing director at Myer Bernie Brookes said that the day started slowly but that lunchtime had brought about a rapid increase in shoppers.
Brookes asserted: "Customers were very slow to get going, but as the day has gone on it's become a bit of a crush, so in Sydney and Melbourne we've had to restrict entry into the stores to control traffic."
Similarly, chief executive officer at David Jones Paul Zahra said that trading had been in line with the responses seen this time last year.
Zahra stated: "We've been pleasingly overwhelmed with the number of customers that have turned up this morning to shop with us."
Speaking on the increase in revenue for many commercial properties, head of the Australian National Retailers Association Margy Osmond said that "young, savvy shoppers" were playing a part in helping the industry.
Osmond asserted: "We anticipate $1.7 billion in sales around Australia today, a good start to the Boxing Day sales season which runs til mid-January 2012."