Christmas retail sales hit record numbers, peak body says; average $2,500 each spent

Myer was chockers at the sales in Sydney today.

Also, reports are retail sales were great up to christmas. PE of 8, div of 10%, SP 40% of 1 year ago.

I'll be loading up with more on Monday if the SP is still being kept low, will defo bounce in coming months IMO.

"Australians spent in record numbers in the lead-up to Christmas, the peak retail body says, with those aged over 14 spending an average of $2,500 each in the six weeks leading to the event.
The Australian Retailers Association said about $45 billion was spent in the period leading up to Christmas, a slight increase on last year."

http://www.abc.net.au/news/2014-12-25/christmas-retail-australians-spend-record-amount/5988420