NETO: HEALTH AND BEAUTY SHINES ONLINE

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.

Get our daily business news

Sign up to our free email news updates.

 
Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

‘Arrogant, not listening, not fast enough’: Former Star CEO reveals NSW casino regulator’s gripes

‘Arrogant, not listening, not fast enough’: Former Star CEO reveals NSW casino regulator’s gripes

The Star Entertainment Group's (ASX: SGR) former CEO Robbie Coo...

Australia's answer to MTV reality hit Jersey Shore to be filmed in Cairns

Australia's answer to MTV reality hit Jersey Shore to be filmed in Cairns

The hit international reality MTV franchise that produced Jersey Sh...

Two family-owned supply chain trackers and labelling experts combine as Peacock buys insignia

Two family-owned supply chain trackers and labelling experts combine as Peacock buys insignia

Two Australian family-owned supply chain trackers specialising in l...

Abu Dhabi fund ADQ buys 49pc stake in infrastructure investor Plenary for $1 billion

Abu Dhabi fund ADQ buys 49pc stake in infrastructure investor Plenary for $1 billion

Abu Dhabi-based sovereign wealth fund ADQ has reached a deal to buy...