As consumers around the world are increasingly taking to the Internet to research, compare and buy retail items, merchants are finding that they need  to adapt to this change by implementing solid point of sale and retail management software solutions. Businesses in Australia and New Zealand will want to turn their focus to online sales, as recent research has found that ecommerce is set to grow significantly in those two regions over the next few years.

Internet Retailer reported that, according to a study by Frost & Sullivan, purchases made on the Web will increase 13 percent each year in each country, through 2017. At that time, ecommerce will account for approximately 10 percent of all retail sales in Australia and New Zealand, the source detailed. As for this year, the research suggested that online purchases will bring in a significant total of $18.3 billion for merchants.

This should be welcome news for the Australian economy, as retail sales have been weak throughout the past few months. The growing ecommerce sector is expected to contribute to strong growth in the nation. The Sydney Morning Herald noted that May's sales rose 0.1 percent from the previous month. However, between March and April, retail sales dropped by 0.1 percent.

This entry was posted by Retail Pro on Friday, August 2nd, 2013 at 4:50 pm .