26th July, 2011

Consumers are set to boost their spending at foreign online stores by $1.2 billion to $6 billion this year, a new report that underlines the rapid changes affecting retailers has said.

The report from PricewaterhouseCoopers, published yesterday, predicted online spending would grow at least twice as quickly as the total retail market over the next four years.

While so-called ”bricks and mortar” stores are in the doldrums, PwC forecast:
total online spending by Australians would grow by 12.6 per cent a year between now and 2015, jumping from $13.6 billion to $21.7 billion.

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