We all know that online spending is on the rise. But what does it mean, and how far will it go??Inside retailing reported this morning that online sales are set to hit $30 billion. What does that really mean for retailers?
It really depends which way you look at it. The main problem is shoppers looking to offshore retailers for cheaper prices and tax free purchases. As this sector grows, it is a challenge for local retailers - who are trying to keep up with the times and are cutting costs left right and centre, which is affecting their overall GP.
On a positive notew for shoppers, it means that often traditional retailers are moving into the online space - which is great if you’re someone who likes to browse online and take advantage of direct shipping. For a lot of the time poor nation it look like this is the way of the future
You tell us… are you planning on shopping online more? Or do you still want to browse in stores and have the full instore shopping experience?
Check out Inside Retail’s story here: http://www.insideretail.com.au/IR/IRNews/Online-spending-to-hit-30-billion-2785.aspx”