Retail in Asia

In Tech

Online retail spending hits USD13b in Australia, but growth slows

Online retail spending in Australia grew by 9 percent in the year to January to AUD16.6 billion (USD13b), almost double the growth rate of traditional bricks-and-mortar retailers.

But the days of double-digit annual growth rates for online appear to be numbered.

Total online sales grew by just 0.3 percent in January, compared with 0.8 per cent growth in December and a decline of 0.4 percent in November. The 0.8 percent growth figure might reflect later Christmas purchases, as happened in bricks and mortar.