Australia’s online retail spending is now worth approximately $11 billion a year, according to a report, while traditional bricks and mortar retailers take in over $220 billion every year (excluding cafés, restaurants and takeaway food).
Online sales in Australia are only 5.1% of what traditional bricks and mortar retailers achieve.
The total sales figure for the year ending March 2012 comes from the NAB Online Retail Sales Index.
In dollar terms, online spending grew by around 19% year-on-year in March 2012.
Traditional retail bricks and mortar retail outlets recorded year-on-year growth of 5.1% in February (on a non-seasonally adjusted basis).
“We observed an interesting spike in the latest data in electronics sales. This was likely related to the growth of tablet sales, with March coinciding with the release of various new products, including Apple’s new iPad,” the report said.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.