A May 2013 survey by the Boston Consulting Group had some dire news for our local retailers. First the right hook – 46% of Australian consumers are prioritizing saving over spending – up 6% from a year ago. Then comes the uppercut – with 51% of Australia consumers spending on overseas-based websites.
Local retailers need to up their game to compete. We recommend you read our recent blog How To Compete with Online Retailers. Hopefully some of these ideas will bear fruit for your business.
Image compliments of winnond and freedigitalphotos.net