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…
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