Inside Retail Polls: Amazon and Myer
And so after much media hype about its launch, Amazon finally kicked off in Australia late last year.
The e-commerce giant has since released new products into the market, including Alexa and Amazon Echo, Amazon Music Unlimited as well as Fulfilment by Amazon, which allows Australian sellers to outsource their pick, pack and shipping process to Amazon logistics.
Last week, Amazon announced it will open a second fulfilment centre in Sydney and with with Amazon Prime expected to launch in Australia in mid-2018, now is a good time to see what our readers make of the retailer’s first tilt Down Under:
Out of 1340 respondents, 32 per cent think that it’s mainly electronics, books and smaller goods retailers that have cause for concern.
Another 32 per cent think that Amazon is another retail entrant, no different to other international players.
It will be interesting to see what happens as Amazon rolls its full suite of services across the country. According to a report from Marketplace Pulse, Amazon Australia will exceed 50,000 sellers by the end of the year – an interesting prospect for the local online and bricks-and-mortar spaces to consider.
Next poll: Is John King the right man for Myer?
For our next poll, we want to know if readers think experienced UK retail veteran John King is the right man to lead Myer out of its continued troubles in the department store sector.
Myer has booked three profit downgrades in the last year and in March, incurred a $515 million write down.
King will also have to deal with major shareholder and recurrent critic Solomon Lew, who bought a 10.8 per cent stake in the business last year through Premier Investments and has engaged in a public battle to overthrow Myer’s board.
Have your say via the poll below.