NAB Short Course - Sponsored Feature
This is an excerpt from Business Spectator’s new short course on company results. Click here toread the rest of the article, plus the remaining nine articles in the course.
Australia’s biggest retailers have emerged from the latest financial year with mixed results, but the underlying theme is that it’s still tough out there in retail land.
The chase for discounts is evident, with the discount department store chains faring better than the premium stores. At the same time, online sales volumes continue to rise as consumers focus on sourcing quality goods at prices that are typically lower than can be found in the traditional bricks and mortar stores.
According to NAB’s online retail sales index, online sales growth was ahead 25 per cent year-on-year in July and is now equivalent to 5.3 per cent of traditional retail spending. Interestingly, domestic e-tailers dominate online spending, with a 72 per cent share, although there has been a marked pick-up in international sales in July ...
Click here to read the rest of the article, plus the remaining nine articles in the course.