CEO and Founder of the Retail Doctor Group, Brian Walker comments to SmartCompany as California-based fashion e-tailer Modnique has launched an Australian version of its designer sales site in a move to better compete with local online sales businesses.

Walker says despite Modnique being yet another international competitor on the Australian retail scene, he didn’t think it would “shake up retail” here.

He doesn’t think local luxury retailers needed to worry too much, as he says research shows 90% of consumers seeking premium items want a “premium experience” to go along with the purchase of premium goods.

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