×
865
Fashion Jobs
ALTRA
Sales Manager UK
Permanent · LONDON
DIESEL LONDON LTD
Keyholder
Permanent · DARTFORD
HUGO BOSS
E-Commerce Operations & Logistics Manager
Permanent · London
VF INTERNATIONAL
Senior Credit Controller - Multibrand
Permanent · CALVERTON
EASTPAK
Credit Team Leader - Eastpak
Permanent · CALVERTON
HUGO BOSS
Buyer Emea
Permanent · London
ESTÉE LAUDER
Aveda - Omni National Account & Operations Executive
Permanent · London
ESTÉE LAUDER
Demand Planner - Supply Chain
Permanent · London
ESTÉE LAUDER
Director, International Business Development (Maternity Cover)
Permanent · London
PAUL SMITH
International Sales Executive
Permanent · LONDON
EASTPAK
Sales Manager
Permanent · LONDON
NEW BALANCE
Category Merchandising Manager Emea, Running Footwear
Permanent · Warrington
CONFIDENTIEL
Warehouse Area Manager
Permanent ·
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Liverpool - 26 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Boots-Aintree, Liverpool - 11 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 12 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Boots, Bishops Stortford - 7.5 Hours - Part-Time - Permanent
Permanent · Bishop's Stortford
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 37.5 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Clinique - Consultant - Boots, Oracle Reading - 28 Hours - Part Time, Permanent
Permanent · Reading
ESTÉE LAUDER
Clinique - Consultant - Flannels, Sheffield Meadowhall - 22.5 Hours - Part Time, Permanent
Permanent · Sheffield
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 30 Hours - Full Time, Permanent
Permanent · Cardiff
By
Reuters
Published
Dec 5, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Australian retailers rally as Amazon gets cool reception

By
Reuters
Published
Dec 5, 2017

The cool reception suggests the $550 billion newcomer will need to trim its margins and ramp up stock selection in the world’s No. 12 economy, and eased the market’s worst fears about its potential to devastate brick-and-mortar incumbents.



While Amazon.com.au was generally competitive on price, analysts found some items were more expensive on the U.S. company’s website. An iPhone 7 Plus was selling on Amazon for A$1,345 ($1,027.71) compared with A$1,199 at electronics rival JB HiFi Ltd.

“Amazon’s not materially cheaper on a wide basket of items than the retailers,” Vertium Asset Management portfolio manager Daniel Mueller said.

“The retailers are rallying. It’s a realization that Amazon is not going to kill Australian retail, at least not today.”

Shares of JB HiFi and larger electronics retailer Harvey Norman Holdings Ltd jumped 5 percent, clawing back most of their declines since Amazon announced its Australia plans in April. The broader market was down 0.2 percent.

Shares of No. 1 department store chain Myer Holdings Ltd rose 2 percent, still down more than a quarter since April. Myer and Amazon carried the same dress from Australian fashion designer Sass & Bide on Tuesday, but Myer advertised 78 items from that maker compared to Amazon’s eight.

Australian retail stocks also got a boost from a bounce in sales in October after months of lukewarm demand, according to official data. Online sales account for less than 10 percent of Australia’s A$300 billion retail sector.

Citi analysts described Amazon’s initial Australian offering as “patchy”, adding in a note to clients: “We expect Amazon will not be disruptive to Australian retailers this Christmas”.

Jim Power, consumer analyst at broker Martin Currie Australia, said that while Amazon had focused on price, range and customer experience, their initial Australian offer “doesn’t appear compelling”.

Until Tuesday, Amazon-registered sellers in Australia had been limited to sending goods offshore because the Seattle conglomerate did not have a warehouse in the country of 24 million people. This also meant Australians had to wait longer and pay more for shipping.

The company has now set up a massive distribution warehouse on the outskirts of Melbourne city, on the country’s east coast where four-fifths of the population live.

It hopes to cut delivery time to as little as a day, a difficult challenge in a country famous for its sparsely populated outback. State-owned Australia Post confirmed on Tuesday that it was Amazon’s primary delivery partner, a widely expected development.

Amazon’s Australia country manager, Rocco Braeuniger, said in a statement on the eve of the launch that the U.S. company hoped to “earn the trust” of Australian shoppers and, over time, create “thousands” of jobs.

Braeuniger was not immediately available for comment after the launch.

© Thomson Reuters 2021 All rights reserved.

Tags :
Others
Business