In good news for the retail sector, the latest NAB Online Retail Sales Index shows that online sales are finally on their way up again.
The data also reveals that Australian retailers are outperforming their international counterparts, growing at a much faster rate.
Further proof of the domestic online shopping trend is seen with the announcement from Bunnings that it is launching an online store.
For small business and startups in the retail sector, there’s never been a better time to incorporate an online sales strategy to expand your customer base, reduce your costs and scale your business quickly.
The Growing Importance of Online Retail
The NAB Online Retail Sales Index also revealed that year on year growth is up to 8.3%, with growth across all eight retail categories.
Furthermore, Australian Bureau of Statistics figures from April this year revealed that online sales in Australia are currently sitting at around 9% of traditional face-to face shopping.
The growing importance of online retail is further seen in the rate Amazon Australia has grown in less than two years, increasing their range to 125 million products over 29 categories, and launching a series of aligned services such as Fulfilment By Amazon, Amazon Global Store, Amazon Launchpad and Prime.
It is inevitable that online sales will continue to grow, so don’t wait to start building your ecommerce website.
Sell Online & Get Results With an Online Shop
Webics makes opening an online store easy. We are a certified Shopify Expert, so you know your e-commerce site will be fast, secure and provide the best possible user experience. One size does not fit all when it comes to an online shop. That’s why our developers sit down with you and work out a strategic design that will attract visitors to your store, encourage them to engage with your products, buy them, book them and share them.