Original article by Eli Greenblat
The Australian – Page: 15 : 29-Mar-21
PwC has reported that non-food online sales recorded more than five years’ growth in just 11 months, due to the pandemic. The increase in both food and non-food online sales during the pandemic was reflected in the latest reporting season, with Woolworths reporting that its online sales rose by 92 per cent in the December half, while furnishings and bedding retailer Adairs advised that its online sales had increased by 95.2 per cent. Pure-play online marketplace Kogan stated that its sales rose almost 90 per cent, while Myer’s online sales increased by 71 per cent. Vanessa Brennan from PwC says that the consumer is "now in charge" and that this means that innovation is "now business as usual".
PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD, WOOLWORTHS GROUP LIMITED – ASX WOW, ADAIRS LIMITED – ASX ADH, MYER HOLDINGS LIMITED – ASX MYR, KOGAN.COM LIMITED – ASX KGN