Feature: Retail cashes in on technology
The Australian retail sector has been doing it tough of late with the triple whammy of a strong dollar, consumers increasing their purchases from overseas-based online retailers and the two-speed economy.
The Australian retail sector has been doing it tough of late with the triple whammy of a strong dollar, consumers increasing their purchases from overseas-based online retailers and the two-speed economy.
Like the rest of the Australian retail landscape, Melbourne-based Honda Motorcycles and Power Equipment is facing mounting pressure on its business from cheaper goods sourced from online overseas supplier. The solution? Take competitors on at their own game.
Australian e-commerce is on track to top $30 billion by the end of 2011, and continue to expand in the coming years, new research from PayPal Australia claims.
Harvey Norman (ASX:HVN) plans to lean on a new e-commerce site, launching early next month, to help generate sales in FY12.
The South Australian government has set the standard for e-commerce across the nation with the launch of its new strategic plan, the Australian Information Industry Association (AIIA) has said.
An increase in the proliferation of smartphone devices is fuelling an uptake in mobile commerce, the Australian Retailers Association has claimed.
The Federal Government has tipped in an extra $4 million to help fund a program to bring small businesses online.