Earlier this month, a conference was held with regards to Internet retail and has declared that online shopping will not be affected when the Australian dollar subsides.
While there will be some overseas online transactions that are buoyed up by the strong Australian dollar, it would be highly dangerous for Australian online retailers to think that the whole thing will come to an end once the dollar subsides.
Reliable sources have said that online items such as supplements and vitamins are not likely to be affected by the current dollar fluctuations. Australians are still twice as likely as Americans to shop for vitamins online. Another category that showed support of online shopping irrespective of the dollar’s strength was the cycling equipment category.
It was also reported that last year, the overall revenues of nearly 2000 of the top eBay sellers increased by 38 percent, and with the soaring Australian dollar, cross-border ecommerce is now being encouraged as more and more shoppers have started to shop online.
While there will be some overseas online transactions that are buoyed up by the strong Australian dollar, it would be highly dangerous for Australian online retailers to think that the whole thing will come to an end once the dollar subsides.
Reliable sources have said that online items such as supplements and vitamins are not likely to be affected by the current dollar fluctuations. Australians are still twice as likely as Americans to shop for vitamins online. Another category that showed support of online shopping irrespective of the dollar’s strength was the cycling equipment category.
It was also reported that last year, the overall revenues of nearly 2000 of the top eBay sellers increased by 38 percent, and with the soaring Australian dollar, cross-border ecommerce is now being encouraged as more and more shoppers have started to shop online.
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