Below is an exercpt from a guest post by Sassoon Grigorian, Head of Government Relations for eBay Australia, on the Australian government's digitalbusiness.gov.au website:
Shopping is turning on its head.
A PwC report found that online shopping is now the norm, with a record 53% of Australians shopping online. A PayPal commissioned study conducted by Forrester Consulting predicts that Australian online retail is set to reach $31.7 billion this year, making an irreversible impact on Australia’s retail landscape.
This comes on the back of a decision by the Australian Government to fund the Australian Bureau of Statistics (ABS) to track Australian online retail spending. Having detailed, comprehensive, high quality internet retailing data available will help the government in their policy development and businesses in their decision making. And that’s a good thing.