Retailers not sold on taking business online

(Tim Lohman)- Australia’s retail sector must overcome myriad of challenges before its is able to address the growing loss of sales to overseas online outlets, according to the Productivity Commission’s Economic Structure and Performance of the Australian Retail Industry draft report.

Citing Access Economics research, the report claimed a lack of understanding of how e-commerce works along with its potential benefits and negative perceptions about the cost involved in setting up and maintaining Web-based facilities were causes of the apparent slowness of Australian retailers investing in online facilities. Read more here…