Despite the rampant growth of e-commerce, there is still plenty of life left in bricks-and-mortar stores. The latest research by the Australian Bureau of Statistics (ABS) has shown that online retail turnover contributed just 3.1 per cent of total retail turnover in Australia during July 2015. In fact, according to analysis by National Australia Bank, […]
Commonly thought of as an alternative to the bricks and mortar retailer, a website is just another ‘location’ in which to do business. Or so many might think. For James Wakefield and his business partner Robin McGowan however, physical and digital presence is not about ‘alternatives’ but instead the creation of a reciprocal relationship where […]
Julie and Greg Dodge of Dandelyon Gifts in Queensland had their dreams set on opening an online store. But once they’d created it, they found they weren’t getting the traffic they desired.
While many businesses are shifting focus away from traditional retail and onto the online marketplace, Brisbane-based gift and homewares store Dandelyon is doing the opposite.
Some retailers find they need a bricks-and-mortar store, not just an online site, to thrive.
One of Australia’s leading online retailers has declared that bricks-and-mortar stores have lost the price war and should stop complaining and move on if they wish to keep their customer base.
A Sydney-based start-up has received backing from AMP Capital Shopping Centres to get its iPhone app off the ground, which promises to assist retailers in engaging shoppers and boosting in-store traffic.
It’s impossible to ignore that the local retail environment is struggling to make ends meet, as local consumer behaviour shifts and retailers look to international suppliers in an effort to circumvent local wholesalers and manufacturers.
One can easily describe the current retail market as “it was the best of times; it was the worst of times”. On one hand, retailers are being slammed from a number of directions, but on the other, internet activity has doubled in the last 4 years and will directly contribute $70 billion to the economy within 5 years.
One of Australia’s most outspoken entrepreneurs, Ruslan Kogan, has announced he’s “divorcing” the traditional retail channel, arguing economists must stop grouping online retail with traditional bricks and mortar retailers.
