Industry Analysis & Industry Trends
Online retailing has brought about significant changes in the Australian Retail Trade division, representing a shift in the way consumers make transactions. The industry has grown dramatically over the past five years, to become part of the mainstream Retail Trade division. Online shopping has been aided by rapid growth in internet and broadband penetration, combined with consumer acceptance of electronic commerce as a viable and safe alternative to traditional bricks-and-mortar retailing.
The industry has benefited from consumers seeking variety and value, particularly as discretionary spending and consumer sentiment have been weak. Online shopping offers unprecedented choice through highly competitive prices and a lack of geographical boundaries... purchase to read more
Industry Report - Industry Products Chapter
The range of products and services available for purchase from online retailers has grown robustly over the past decade. Driven by strong consumer demand and the entry of new players, the industry offers an expanding range of goods and services that rivals the range offered in traditional bricks-and-mortar stores.
Clothing, footwear and personal accessories
Clothing, footwear and personal accessories account for an estimated 20.6% of industry revenue. The jewellery and fashion accessories sub-segment has grown steadily as consumers have focused on small luxuries. These goods are suited to online retail as they are often lightweight and easily shipped. Online sales of clothing have risen as consumers increasingly compare online prices in search of a bargain... purchase to read more