The National Australia Bank has released the Online Retail Sales Index: Indepth Report for June 2016 showing that online sales are surging, however bricks and mortar stores are still pulling ahead.
At a glance the online retail spend in Australia is $20.1 billion while bricks and mortar equates to $296.9 billion.
Although NSW has come out on top as the biggest spenders in Australia at 34.9% of annual sales, the Northern Territory is steadily climbing with the strongest growth of 2.6% monthly.
Small to medium retailer sales have also jumped 22.2% since the same time in 2015, with 37% of all online retail sales generated from small businesses, showing that SME’s can compete on a national scale.
For more insights and the full NAB Online Retail Sales Index, click here.