Boxing Day could be end of a retailing era

Retailers will have to make the most of today's Boxing Day sales, as the economy is not expected to be as buoyant next year.

Shoppers will be out in force spending Christmas vouchers and making the most of discounted prices.

Retailers Association spokesman Barry Hellberg says overall it has been a good year for retailers but that is not expected to continue.

Mr Hellberg says the effect of interest rate hikes will kick in, making it a quiet year.

However he says it has been a good Christmas and he expects today's sales to follow that trend.

- NEWSTALK ZB