News & Press: Power Retail News

40 Million Parcels Delivered Amidst Online Boom

Tuesday, 15 January 2019  
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A recent study has revealed that Australian retailers are falling behind businesses in Asia Pacific and much of Europe, as local companies struggle to break into profitable international markets.

According to Stripe, online businesses are increasingly becoming “global natives”, as more brands look overseas to expand their existing customer bases, with many making the move within their first year of operation. Australian brands, however, are lagging behind with only 66 percent of businesses selling internationally, compared to 88 percent in both Hong Kong and Singapore, 84 percent in France, 78 percent in Italy and 77 percent in Spain. Read more...