More competition from online shopping

 In Australia, NewZealand
Traditional bricks and mortar retailers will face further pressure from web-based competitors if overseas experience is any guide, Savills Australia says.
The online retailing juggernaut was still relatively small in Australia, snatching less than 7 per cent of traditional retail sales compared with double the volume in Britain (13.5 per cent) and 70 per cent more in the United States (11.6 per cent), Savills researcher Glenn Lampard said.
"Online spending has slowed from its peak of circa 30 per cent annual growth but it is still growing strongly and, in time, we expect to see that growth mirror the overseas experience and that is going to impact [on] traditional retailers without a web presence," Mr Lampard said.  Sydney Morning Herald – Read more…

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