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 Online Shopping 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.
Industry operators have benefited from consumers seeking variety and value, particularly in a period of subdued discretionary spending and volatile consumer sentiment... purchase to read more
Industry Report - Industry Analysis Chapter
The Online Shopping industry has performed strongly over the past five years, despite many segments of the retail sector struggling over the period. The industry has grown strongly despite a weak global economy, volatile consumer sentiment and subdued discretionary spending. Sales growth has been supported by rising consumer confidence in online shopping, the large variety of good-value items available and further growth in internet use across the population. Specialist retailers initially dominated online retailing, but e-commerce platforms are quickly becoming common for multichannel delivery.
Online retailing has flourished due to changing consumer attitudes over the past five years... purchase to read more