Money Retail shares are under pressure as Amazon launches

13:37  06 december  2017
13:37  06 december  2017 Source:   Business Insider Australia

Amazon Australia Could Be Delayed Until 2018, Insider Claims

  Amazon Australia Could Be Delayed Until 2018, Insider Claims At a recent industry event in Melbourne, the official launch date of Amazon Australia was again speculated on and the news isn't good for Christmas shoppers. At a recent industry event in Melbourne, the official launch date of Amazon Australia was again speculated on and the news isn't good for Christmas shoppers. According to market research firm Kantar Retail, we could be in for an even longer wait than we thought.

Shares retailers first dipped, and then recovered, after the official launch of Amazon in Australia. In early trade, Harvey Norman was down 1% to .96, Super Retail 1.1% to .90 and JB Hi-Fi 0.5% to .96.

retail . Amazon ’s Alexa now integrates with Destiny 2. This week, we reveal our definitive list of the industry’s brightest young minds, 30 Under 30, and talk to Unity, Telltale, GAME, Badland, AESVI and more. ‘There are too many zombie games’ says Dontnod as it prepares Vampyr for launch .

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Amazon launches in Australia with 'millions' of products, hopes to win consumers' trust

  Amazon launches in Australia with 'millions' of products, hopes to win consumers' trust Amazon will start taking orders and shipping products from its warehouse in Melbourne's east on Tuesday.Amazon has started taking orders and shipping products from its warehouse in Melbourne's east. .

Find the latest news, headlines, blogs and video about retail , consumers, shopping and retail companies from CNBC.com. Wall Street is giddy over Amazon shares , gets its most bullish call yet: ,500 price target.

of the launch , adding that Australia was an “attractive market where online is under -penetrated”. Retail categories most likely to be hurt by Amazon ’s entry include electrical, appliances initially to boost its market share , IBISWorld senior analyst Kim Do said, pressuring the profitability and

Shares retailers dipped in early trade after the official launch of Amazon in Australia and ahead of the release of retail sales data.

Harvey Norman was down 1% to $3.96, Super Retail 1.1% to $7.90 and JB Hi-Fi 0.5% to $23.96.

The US-based retail giant Amazon today launched its full retail offering, with hundreds of thousands of discounted goods and one-day delivery, on its Australian website.

Australia’s October retail sales report is due to be released today. 

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Bunnings unveils online shopping — but there’s a catch .
Bunnings Warehouse has unveiled plans to allow customers to shop online, ending a long-standing strategy of only selling products in its stores.&nbsp;The announcement came the same week Amazon was tipped to launch in Australia — an event that has caused disquiet among domestic retailers and seen many rush to ramp up their online businesses.

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