Despite rising petrol prices, higher inflation and threats of increased interest rates, consumer spending has been up this Christmas.
Most major retail stores have reported near record spending, with thousands of people rushing in for last minute buying.
Paul Zara from David Jones says it's been a bumper Christmas.
“The weekend before Christmas is always our busiest.”
“We expected to serve a million people between 9am when we open on Saturday and on Christmas eve at 6pm when we close.”
“We certainly achieved those sort of numbers.”
He says retailers have been surprised recent negative economic reports have had little impact.
“We haven’t seen that at all.”
“In fact our shoppers have had a good time shopping,” he said.