NETO: HEALTH AND BEAUTY SHINES ONLINE

Written on the 26 July 2016 by Brisbane Business News

NETO: HEALTH AND BEAUTY SHINES ONLINE HEALTH and beauty retailers are defying all odds, shaping up as Australia's best-selling segment online.

Where physical department stores once dominated, online is now making up more and more cosmetics sales. The sector saw a 70 per cent lift in year on year sales online, according to Neto's e-commerce platform of 1000 businesses.

Retail has been relatively flat across Australia in this period, but online retailers reported a growth of 23 per cent from the January to June period.

Homewares came in second, seeing a 48 per cent growth, while sports and recreation grew 34 per cent.

"Within those categories, we're finding the most successful retailers are adopting an omni-channel approach, where they maintain a physical and online presence, and also sell through social media and platforms such as eBay," says Brisbane-based Neto's chief operating officer Jason Titman.

"Successful retailers are targeting a wide spread of consumers, and meeting them at their preferred buying platform, rather than waiting for consumers to come to a fixed sales platform."

Neto also shared the top five e-commerce sectors, according to the average value of transactions. It's unsurprising that motor parts ranks the highest at $340.86, but health & beauty also polls highly at $284.34 so not only are retailers in that space selling well, but the value of their inventory is high as well.

Read the stories behind the Australian beauty retailers killing it online, Ry.com.au and Adore Beauty.


Author: Brisbane Business News Connect via: Twitter

Latest News

WOOLWORTHS CLAIMS LEGAL VICTORY IN STOUSH WITH LOWE'S

SUPERMARKET giant Woolworths (ASX: WOW) has been given the go-ahead to sell its Masters property assets after winn...

DOMINO'S PIZZA EMPLOYEES OFFERED A SLICE OF THE PIE

DOMINO'S Pizza (ASX: DMP) has launched an employee share acquisition plan which will give its 26,000 staff the...

PRICELINE STORE ROLLOUT BOOSTS API'S FULL YEAR PROFIT FORECAST

Australian Pharmaceutical Industries (ASX: API) has booked a rise in half year net profit of $29.1 million on the bac...

CITY DWELLERS SETTING EYES ON REDCLIFFE AS PROPERTY SEACHANGE BECKONS

IT MAY be cool by the sea at Redcliffe, however strong sales at Kyko Group's Mon Komo development prove that t...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter