Round Up: Online business booming, high hopes for 2014 and an Aussie winner
Good news for retailers who do business online! The NAB Online Retail Sales Index for November 2013 has been released and it shows that the online retail industry continues to grow.
In the year to November 2013, and before the Christmas rush, over $14.6 billion was spent by Australians in online retail. This was an increase of 10.7 per cent from the previous year, meaning that online retail purchases are now equivalent to 6.4 per cent of traditional retail spending (excluding commercial food services).
This coincides with a separate report by Juniper Research, focusing on global trends relating to mobile payments for digital and physical goods. While the buying of goods via mobile devices globally accounted for $182 billion last year (15 per cent of all goods purchased online) that number is predicted to skyrocket to over $700 billion by the end of 2018 (or 30 per cent of all online retail). Retail Biz – Read more…