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AAP
AAP
Business
Sam McKeith and Poppy Johnston

Billion-dollar Christmas splurge a gift for retailers

Time is running out for shoppers to snap up Christmas gifts. (Steven Saphore/AAP PHOTOS)

Australian retailers will benefit from a rush of last-minute Christmas shopping as a predicted $9 billion is spent in the final week of sales.

But the late dash to the shops won't spare many outlets from a poor end-of-year performance as household budgets are crushed by high living costs.

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