Black Friday overtakes Boxing Day as biggest sale event of the year

Australians are likely to spend an extra $3-4 billion this month as Black Friday and Cyber Monday pre-Christmas sales test consumers’ wallets and their capacity to absorb prices.

Sky News Australia Business Editor Ross Greenwood said Black Friday to Cyber Monday sales now outperform the Boxing Day sale.

"The last 12 months of 2021 leading into November sales … when effectively Australians spent more than $33 billion in that month alone," he said.

"What it shows last year is that Australians have a propensity to spend pre-Christmas and try and pick up sales – that is precisely the reason why the retailers gear themselves for this event."