Online retailers reap benefits

Photo / Thinkstock
Photo / Thinkstock

Australians are embracing online shopping and internet retailers are reaping the benefits. eBay, the online auction site, says the sector is meeting the needs of the modern, time-poor consumer.

The company's Australia and New Zealand managing director, Deborah Sharkey, told a conference in Sydney the local sector is looking at double-digit growth this year. She rejected concerns that consumer spending is favouring overseas internet retailers.

Last year the turnover of the top 2000 sellers on eBay was more than A$120,000 ($160,000) and the top seller generated turnover of more than A$12.6 million, Ms Sharkey said.

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter


© Copyright 2017, NZME. Publishing Limited

Assembled by: (static) on production apcf04 at 29 May 2017 23:33:27 Processing Time: 469ms