One of Australia’s leading retail groups is predicting a Boxing Day sales record this year.

The National Retail Association has forecast shoppers will spend $2.62 billion on Thursday, with all retail segments expected to be up on last year’s sales.

The two most populous states, NSW and Victoria, are both expected to see more than $800 million go through the checkouts, NRA CEO Dominique Lamb said on Tuesday.

“Bargain prices can be found across retail brands of all shapes and sizes, but we also recommend that shoppers do their homework before embarking on the shops,” she added.

Online shopping will be the major mover this year according, to the NRA which is forecasting internet spending to increase by more than 23 per cent on last year to $655 million.