Amazon and the Aussie hit list - Part 2

When it comes to specialty retail, investors have always needed to tread carefully. Amazon only makes it more difficult – especially for some.

With all the hype around Amazon’s entry, you’d be forgiven for thinking Australia’s $300bn of retail sales were about to immediately evaporate. But consider this: Amazon’s Prime membership – arguably the key driver of the company’s retailing success – launched in the UK in 2007. Last year, Amazon’s UK sales were just over £7.3bn, which compares with total retail sales of about £360bn.

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