What cost-of-living crisis? Millions of Australians are expected to spend $10.1 billion during the end of financial year sales. Many products — from cars and holiday packages to clothing and white goods — will be available at marked-down prices over the next few weeks.
Clothing and accessories will attract the biggest spend, followed by electronics and technology, household items and decorations and then appliances and white goods. To put the estimated $10.1b EOFY spend in perspective, in 2023 Australians spent $361b on retail goods, with $63.
6b of that spent online. Journalism for the curious Australian across politics, business, culture and opinion. With such high spending, consumers need to make informed decisions to maximise their savings and avoid pitfalls.
Nick Bruining Nick Bruining It is important to understand the return and exchange policies of the different retail stores. Most retailers allow shoppers who change their mind up to 30 days to return and receive a refund or exchange the product. Some may have shorter return periods or may not accept returns on sale items.
These items are sometimes referred to as final sales, non-refundable purchases, last-chance deals, no-return sales and clearance items. This means if a customer bought something on sale and later doesn’t want it, they can’t return or exchange it. Some retailers have specific conditions about where items can be returned.
Other conditions might include no refunds or exchanges on large electrical.
