News

• Myer to make $300 million online

  Myer believes it can generate up to $300 million in online sales as women and young people head to its website to buy clothes.

• How Butcherman took a slice of the online food market

  While buying meat online might not sound like it would make for a successful business venture, it has been for Paul Tory at Butcherman.

• Retail sector 'facing crisis from online'

  The retail sector is facing a growing crisis which will dwarf the problems experienced in the manufacturing sector, the National Retail Association warns.

• Woolworths online sales up 118 per cent

  Woolworths Limited (ASX:WOW) has posted a 118 per cent increase in its total online sales for the 2012 half financial year, thanks in large to its growing online profile.

• Online retail growing fast, survey shows

  Internet-based shopping is growing at ten times the pace of the struggling traditional retail sector, with annual sales surpassing $10 billion for the first time.

• Australia Post to plant 'super stores' by June

  Australia Post will have around 30 of its ‘super stores’ planted across Australia by June this year, said managing director and chief executive, Ahmed Fahour.

• Online sales a concern for retailers

  Australian retailers remain pessimistic in their expectations for the first quarter of 2012, fuelled by slowing demand concerns, a private survey shows.

• Short shop hours boosting online sales

  Online shopping at Christmas time has become the norm among regional Western Australians because of restricted trading hours at shopping malls, retailers say.

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  Swan rejects Harvey's retail 'whinge'

  Treasurer Wayne Swan says it's just not Christmas if retailer Gerry Harvey isn't whingeing about soft sales.

• Internet sales boom hits island state hard

  Tasmanian business is bracing itself for online sales to hit the island state harder than other parts of Australia in the lead-up to Christmas.

• Call to buy Australian online this Xmas

  Australian shoppers searching the internet for Christmas gifts this year have been urged to look for locally made and grown products.

• Cyber Monday sales break record, surpass $1.25 billion

  Consumers took full advantage of Cyber Monday deals, racking up a record-breaking $1.25 billion worth of online purchases on the first business day of the week following Thanksgiving.

• Cyber Monday outlook: $1 billion in sales expected

  Industry watchers expect online sales to surpass $1 billion today, Cyber Monday.

• Convenience and price driving online sales

  Consumers are becoming more confident shopping online and continue to be attracted by the cheaper prices and convenience internet transaction offer, a new report says.

• Online retail boosts Aust Post profit

  Australia Post has increased annual pre-tax profit by 31 per cent, thanks to continued growth in online shopping.