Industry Analysis & Industry Trends
Online retailing has changed the face of the Australian Retail Trade division, representing a paradigm 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. The rise of online shopping has been aided by the 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 overall consumer sentiment have been relatively weak. Online shopping offers unprecedented choice, as there are no geographical boundaries and prices are highly competitive... 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 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 perfectly suited to online retail as they are often lightweight and easy to ship. Online sales of clothing have risen as consumers increasingly compare online prices in search of a bargain... purchase to read more