Online retail and retail in general has been receiving a lot of attention in the media. Here are just a few samples of what they've been saying.
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Retailers accross Australia, even the big guns like Westfield are realising the dire need to recapture their market share in the sphere of online retail. With an enourmous amount of the offshore retailers capturing aussie retail sales the impetus to get online and secure their share of the $22 billion market is huge. E-commerce veteran Martin Newman says "Australia is missing out as British retailers launch a local internet assult." Click image below to play.
60 Minutes' Charles Wooley investigates the world of e-commerce in a story that puts the spotlight on internet shopping in Australia. The story unveils that the decline of traditional retail is not as much to do with a lack of consumer spending - but rather that they are spending online rather than in-store. The range of goods, 24/7 accessibility, cheaper products, the strong Aussie dollar -and general ease and convenience are pin pointed as the major causes for shifting shopping behaviour.
Take a brief look at some of the top performing e-retailers and see how they're snapping up their share of this 15 billion dollar a year industry.
The message is clear: To survive the retail revolution Australian retailers must get online and get competitive with their online customer experience.
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