online sales - News, Features, and Slideshows

News

• Online retail sales hit $12.6b

  Online retail sales hit $12.6 billion in the 12 months to November 2012, according to the NAB Online Retail Sales Index.

• TUI Travel posts record full-year profits

  Strong online sales and demand for exclusive resorts boosted profits for Europe's biggest tour operator

• Australian e-commerce to top $30b this year

  Australians will spend $30.2b on online transactions this year, with 97% of internet users having shopped online at least once, research from PayPal states

• Infochoice secures iSelect purchase

  Price comparison website iSelect has secured the acceptances of 98% of Infochoice (ASX:ICH) shareholders with its $33.5m takeover offer

• Webjet outperforms travel sector in Q1

  Shares in travel website operator Webjet (ASX:WEB) gained over 5% on Thursday, after the company reported strong gains in Q1 sales

• Undercoverwear expects slim FY12 profit

  Apparel company Undercoverwear (ASX:UCW) expects cost control measures to help it bounce back from its $16.1m FY11 loss

• Harvey Norman looks to online sales channel

  Harvey Norman (ASX:HVN) aims to grow sales through a new e-commerce site launching next month, and an upcoming “software on demand” venture

• GoConnect, partner buy Chinese venture

  GoConnect (ASX:GCN) and partner Priority One will each buy 40% of Shanghai Reliance, and use the venture to pursue a loyalty rewards program in China

• Webjet lifts FY11 profit 5%

  Online travel booking company Webjet (ASX:WEB) reported a 5% gain in FY11 profit, from the performance of its AUS and NZ operations

• Past neglect costing online sales

  Australian bricks and mortar retail chains may have their backs against the wall in the face of cheaper international online offerings, but their general lack of an online presence over the last decade is also to blame.

• Panorama Synergy launches online sales training

  Panorama Synergy (ASX:PSY) has launched a beta of the first plank of recently-announced online sales platform

• Kogan slams big retailers

  The founder of Kogan Technologies, Ruslan Kogan, has slammed the current campaign for the application of GST on overseas online sales, saying Australian retailers need a “reality check”.

• Opposition hoses down retailers' online GST campaign

  The federal Opposition has weighed into the debate on applying GST to online overseas purchase under $1000 calling on Australian retailers to become more competitive.

• Federal Government rules out changes to GST on overseas online purchases

  The Federal Government has ruled out applying the Goods and Services Tax (GST) to overseas online purchases of under $1000 in the short term despite pressure from Australian retailers to do so.