Business
The 50 billion reasons why Myer is closing yet another store – The New Daily
The fastest shift in the retail landscape in more than a generation is pushing retailers like Myer to close more stores and ramp up digital investment.
More than 1.3 million households joined the online shopping revolution last year as the pandemic drove a mammoth shift in shopping habits.
New figures released by Australia Post on Wednesday show ecommerce booked three years worth of growth in just 12 months over 2020 forcing big names like Myer to close once-bustling stores and pivot to digital as annual online sales topped $50 billion.
Australia’s shift to online shopping has been so fast that our largest department store chain revealed plans…
-
General22 hours agoA feeling of calm before the storm descends on Tasmanian politics following motion of no-confidence in Jeremy Rockliff
-
Noosa News20 hours agoForty years inside a Brisbane second-hand store
-
Business23 hours agoNvidia Just Became the World’s Most Valuable Company. Here’s What May Happen Next.
-
Noosa News21 hours agoPolice warn of ‘significant’ delays in determining Bundaberg teenager Pheobe Bishop’s cause of death