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According to Australia Post’s latest e-commerce report, Australians spent a record $69 billion on online shopping last year, an increase of 12 per cent on the year before, largely driven by platforms such as Amazon, Shein and Temu.
“Online marketplaces”, such as Amazon or eBay, accounted for nearly 40 per cent, or $16 billion, of online spending growth in 2024 as customers sought cheaper and more affordable alternatives, the report said.
Pitcher Partners’ Bainbridge said current economic conditions had made it impossible to keep the physical stores open.
“The owners have done everything they can to keep Jeanswest going, but market conditions mean sustaining bricks-and-mortar stores is not viable and unlikely to…
