“Online people do not make any money. The whole world was conned with online retailing,” Australian retail magnate Gerry Harvey told SmartCompany 10 years ago.
“It is a con, a complete con.”
Today, exactly 10 years on from Harvey’s controversial comments, it is safe to say the Harvey Norman founder missed the mark on this one.
The online retail space has grown steadily, both internationally and in Australia, over the last 10 years. E-commerce sales in the US have continued to grow between 14-17% year-on-year since 2010, and over 5% of March’s retail sales were online sales in Australia this year, up from 2.4% four years earlier.
MySale Group (LON:MYSL) is a leading international online retailer with established 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 international inventory and sales solutions.
