The outlook for selling prices during the first quarter of this year is expected to fall to a historic low.
The NAB Online Retail Sales Index rose to 241 points in November.
Online shopping is one of the top five industries expected to soar this year.
Retailers are reported to have experienced 'huge' online sales.
Retailers are expected to cash in a total of $12 billion from Christmas shopping this week.
Google's annual Australian Brand Zeitgest has revealed local retailers are still the most searched.
CBA senior economist Michael Workman talks about where he sees the market heading in 2013.
Soaring expenses is costing Australian retailers their profit margins.
Mobile transactions are increasing daily as it gets closer to Christmas, according to PayPal Australia.
Consumer confidence has taken a surprising tumble in December.