6 April 2021
The Weekly
Australia

More than 1.3 million households joined the online shopping revolution last year as the pandemic drove a mammoth shift in shopping habits. New figures released by Australia Post on Wednesday show e-commerce booked three years worth of growth in just 12 months over 2020 — forcing big names like Myer to close once-bustling stores and pivot to digital as annual online sales topped $50bn. Australia’s shift to online shopping has been so fast that the nation’s largest department store chain revealed plans on Wednesday to shut down its long-standing Knox store in Melbourne’s eastern suburbs. More than 16% of retail dollars are now spent online, and Australia Post e-commerce expects that figure to hit 20% by 2022. After struggling to keep up with demand last year as nine million households (82% of Australia) went online, the taxpayer-owned postie is now pouring hundreds of millions of dollars into warehousing.

You are currently offline. Some pages or content may fail to load.

We have cached all the pages you navigated to, including the Homepage, Contact page and Events. You can visit those while offline.