Online retail spending sees strong growth in June

Online retail spending has seen strong growth in June, according to Commonwealth Bank’s recently released Business Sales Indicator.

Spending at clothing stores has also risen for five successive months, CommSec senior economist Ryan Felsman said.

“Web-based retailers such as The Iconic, Kogan, Catch and OzSale have penetrated the market,” Felsman said. “And catalogue vending remains popular with Aussies. Retailers such as Bunnings, Ikea, Coles, Woolworths, Aldi and Chemist Warehouse and EziBuy, enable shoppers to buy in store, or via the phone, or online”

MySale Group PLC (LON:MYSL) is a leading international online retailer with established online flash sales and retail websites in Australia, New Zealand, South-East Asia and the United Kingdom. Founded in 2007, the Group provides customers with access to outstanding brands and products at discounted prices whilst simultaneously providing brand partners unique inventory and sales solutions in both the Northern and Southern Hemispheres.

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