No 'WOW' in an online retail slowdown

The latest NAB retail sales index shows a sharp slowdown in online sales but that shouldn't provide much consolation for traditional retailers.

National Australia Bank’s latest online retail sales index appears to show a sharp slowdown in the rate of growth in online sales. That won’t however, provide much consolation for traditional retailers.

For the year to end-April, NAB’s index showed year-on-year growth of 15.5 per cent, falling back from the growth rate of about 19 per cent in the year to end-March and holding around 5.1 per cent of total retail sales.

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