00:02Black Friday may be two weeks away, but the sales are here and shoppers are keen to snap
00:08up a bargain ahead of Christmas.
00:11I'll be clear on Christmas for a while after this.
00:14I'm definitely trying to watch what I spend, especially with petrol.
00:18Australians are forecast to spend a record $7.2 billion over the Black Friday Cyber Monday
00:25weekend.
00:26On average, they'll splurge $920 each, up $116 on last year.
00:34One in four will use AI to try to find the best deal.
00:38Australians gravitate towards Black Friday because of the lower prices.
00:43November for most retailers, including us, is now the biggest month of the year.
00:48Shoppers are being warned to watch out for misleading sales tactics.
00:52The consumer watchdog is putting retailers on notice over store-wide discounts that don't
00:58include all products, time-limited offers that go beyond the end date, false stock claims and
01:05misleading price comparisons.
01:07We do have a broad suite of powers available to us, including infringement notices all the
01:15way through to court action.
01:17Six retailers have previously been fined over sales tactics.
01:21New research from Westpac and the Melbourne Institute shows that consumer sentiment has
01:27sunk to a four-year low and people are deeply pessimistic as higher interest rates and cost-of-living
01:34risk of price and pressures bite.
01:37New research from Westpac and the Melbourne Institute's кажется
01:37new research from Westpac and the Melbourne Institute's
01:37on The Melbourne Institute of Technology, which is a place to share a hot offer of-ening
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