http://www.smh.com.au/business/retail/new-data-highlights-amazon-australia-threat-20170217-gufib8.html
Officially, Amazon hasn’t made any announcements whether they are coming to Australia. But recruiting for hundreds of workers suggests they’ll be here sooner rather than later.
An article at The Financial Review reported Watermark Funds Investment chief investment officer Justin Braitling as saying Amazon was planning to undercut locals by around 30%. Braitling used the word “destroy” to describe Amazon’s Australian ambitions. It will be interesting to see what the retail industry does when Amazon arrives.
Credit Suisse suggest major Australia retailers could all be tipped to see revenues smashed.
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