ANZ forecasts $611 million retail surge this Father’s Day

ANZ is forecasting a big retail uplift this Father’s Day weekend, with buyer spending anticipated to succeed in $611 million – a 3.45% enhance on final yr’s spending.

The financial institution’s newest information reveals Australians embrace each experiences and presents to rejoice dads and father figures, with robust progress anticipated throughout classes together with eating out, wineries, clothes and niknaks anticipated in 2025. 

In 2024, fashionable spend classes included cafes and eating places, wineries and bottle retailers, clothes, tenting, sports activities, and music. Other areas that noticed notable uplift embrace motor automobiles and equipment, health-related providers, welfare and charitable donations, and memberships. 

ANZ Acting Managing Director of Retail Products, Yiken Yang, stated: “Father’s Day continues to be a strong second of connection for Australians, with spending developments reflecting a want to rejoice via each significant experiences and considerate presents. 

“Over the Father’s Day weekend, ANZ custom1ers embrace everything from dining out to charitable giving to honour the father figures in their lives. We expect many dads to be spoiled with a nice dinner, some new socks, or a brand-new vinyl for his record player this year.”

In 2024, girls outspent males on Father’s Day, significantly in classes resembling meals, tenting, music, and stationery. Gen X led general spending, adopted by millennials, whereas Gen Z recorded the best year-on-year progress at 22%.

Victoria led as the best spenders, with a further $9.1 million spent in comparison with an everyday weekend, whereas South Australia noticed the best uplift at 6.3%. Every state and territory recorded a per capita enhance of over 35%.

Spending patterns additionally revealed key variations between Father’s Day and Mother’s Day: motor automobiles and computer systems noticed greater spending for Father’s Day, whereas well being and sweetness dominate Mother’s Day. Interestingly, girls are inclined to spend extra on Father’s Day, whereas males spend extra on Mother’s Day.

2024 SPEND DATA & TRENDS – ANZ CUSTOMER CREDIT AND DEBIT CARD DATA

• In 2024, complete spend elevated by 6.7%, reaching $591 million throughout Father’s Day weekend in comparison with the earlier yr (2023).

• Per capita, each state spent over 35% extra through the Father’s Day weekend, in comparison with a traditional weekend. 

• Western Australia, Australian Capital Territory and Queensland, had the biggest year-on-year enhance in spend with 8.8%, 8.1% and seven.5% respectively.

• The Northern Territory had the best spend per capita, $267, with a year-on-year enhance of 4.1%.

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ANZ forecasts $611 million retail surge this Father’s Day

2025-09-03

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