Online sales spike

Shopping online, ecommerceMore shoppers are going online to buy electronic games and toys.

Electronic games and toys reported the biggest jump in online sales growth in February, despite only representing three per cent of online sales, the National Australia Bank says.

Online grocery and homeware shopping also reported strong growth, however fashion has come off the boil following a strong rise in December and January.

Overall spending online jumped 1.7 per cent in February, the National Australia Bank’s online retail sales index has found.

This is about 8.7 per cent higher than a year ago, and up on January’s 0.3 per cent gain.

NAB says Australians spent about $16.7 billion on online retail in the 12 months to February.

“Growth in online fashion sales has been really strong and has just come off a little bit in February,” the bank’s senior economist, Brien McDonald, said.

“We are still seeing the growth in online sales still outpacing traditional retail.”



Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inside Retail Polls

What is your business doing to become more sustainable?


Australian mergers and acquisitions by private equity firms made up a third of the major transactions in 2018, acco…

4 hours ago

Despite declining house prices and modest wage growth, Australian consumers have pushed spending growth to a 14 mon…

6 days ago

Australians are predicted to spend $3.4 billion across #retail this #Easter, according to the @OZRetailers

1 week ago

FREE NEWS BRIEFS Get breaking news delivered