Money Retail shares are under pressure as Amazon launches

13:37  06 december  2017
13:37  06 december  2017 Source:   businessinsider.com.au

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 in retailers went on a wild ride, first dipping, then recovering and then taking off, 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.

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 appliances, apparel and initially to boost its market share , IBISWorld senior analyst Kim Do said, pressuring the profitability and

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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. .

Sydney (AFP) - US internet giant Amazon launched in Australia Tuesday in time for Christmas, with retailers scrambling to cut The US firm was likely to absorb losses initially to boost its market share , IBISWorld senior analyst Kim Do said, pressuring the profitability and margins of its competitors.

Discretionary retailers ' shares have been under pressure for months amid speculation about how Citi retail analyst Bryan Raymond said Amazon 's range was "patchy", with more than 40,000 toys Mr Raymond said Amazon would start to pose a real threat to local retailers when it launches its

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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AUSTRALIAN STOCKS STALL: Here's what you need to know .
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