Australian online retail sales continue to grow

Recent figures from NAB’s Online Retail Sales Index has shown an increase in online spend for the month of June, despite offline retailers facing a decline in spend for the same period. Growth of 0.9% in online shopping was experienced from May to June, an indication again of the growing popularity and familiarisation with online shopping in the local market. Australians have now spent over $15.5 billion online in terms of shopping and this trend will continue to grow. The growing importance of online and eCommerce is something all retailers need to consider as part of their strategy and approach in the Australian market.