Australia has ranked seventh in the world for internet penetration, with key drivers being high incomes and accessibility to products, according to IBISWorld.
With Mother's Day just around the corner, IBISWorld has revealed Australians are expected to spend almost $1.4 billion on Mother’s Day gifts this year.
Despite overall revenue decline forecast for Australia’s fashion industry, luxury retailers and online players anticipate to reap rewards from savvy marketing.
Online only retailer Milan Direct is leading the way for online furniture in Australia.
Online shopping is one of the top five industries expected to soar this year.
Fast delivery and free returns will be the main drawcards online retailers will be using to lure customers to shop with them this Christmas.
Total spending for Mother's Day has been forecast to rise 3.9 per cent compared to last year, IBISWorld says.
Just as Australia's Fashion Week kicked off on Monday, a study has revealed that local fashion retailers will continue to suffer in another difficult financial season.
While many reports claim the retail sector is in a world of pain, IBISWorld said the retail climate has in fact been reasonably positive leading up to 2012-13.
It seems love may help conquer weak retail trends as IBISWorld expects consumers to splurge this Valentine's Day.
Online shopping is one of five industries that IBISWorld has nominated in its annual list of top five industries that are set to soar in 2012.
It's expected to be a flat Christmas as spending is only expected to rise 3.3 per cent from last year, with the average shopper spending $1,213.22 over December to total $27.4 billion.
Domestic spending will be flat this Christmas as it's expected to rise a minor 3.3 per cent from last year, according to IBISWorld.
The big winners from Australia’s DIY and home renovation drive is hardware retailers which account for 52 per cent of all related spending.
Internet retail is expected to surge this financial year according to business information research firm IBISWorld. It ranked ninth in the organisation's annual list of the top 10 industries for growth in 2011-12.
Business information analysts IBISWorld have warned Zara's success in Australia is the exception to flat retail as more than a hundred fans of the Spanish chain waited hours this morning for the brand's first Melbourne store to open.
Despite continuous reports of flat overall retail spending, sales for group buying and daily deal websites are booming, growing by 280 per cent this financial year, according to IBISWorld.
Department stores were tipped to suffer in the face of online retailing but IbisWorld research shows that their revenue is expected to increase by 1 per cent in 2010-11, reaching $20.66 billion.
Watch and jewellery sales in Australia are forecast to rise from $3.77 billion in 2011/12 to $4.05 billion in 2015/16 but store numbers are likley to fall, according to IBISWorld.
It comes as no surprise to most that analysts predict Australians will have less leisure time and work more thanks to racked up house-related debt. What consumers do with their dwindling free time, however, is of interest to retailers.
The retail sector is expected to face tougher competition in 2011, especially in NSW as consumers shop around for the best deal, according to IbisWorld in its latest report.
According to the IbisWorld Industry Inside report Australia's biggest bargain hunting state is New South Wales, where a third of online purchases originate.
IbisWorld predicts that thereâ€™ll be more than 300 retail superstores in Australia by 2015, generating $24 billion a year.
It may seem the global financial crisis is behind us as everyone prepares to spoil their Dads for Father's Day this weekend.
The sweet taste that Australians developed for private labels during the global financial crisis shows no sign of turning sour as economic conditions improve, with IBISWorld forecasting strong growth in established and emerging markets.
With the 2010 FIFA World Cup starting today, IBISWorld believes that there will be some major Australian winners off the pitch including merchandisers, retailers, football organisations and bookmakers.
Overseas online retailers are reaping sales from Australian consumers, with a staggering 36.8 per cent of web retailers revealing that Australia ranks in their top three markets for generating web sales outside of the United States.
UK retailer Mothercare, which caters to pregnant women, parents, babies and children up to eight years old, has opened its first store in Australia.
Despite economic talk turning towards recovery, IBISWorld predicts rising interest rates and the absence of cash hand-outs will see consumers saving more than spending this Christmas.