Amazon will kill Australian businesses
The Arrival of Amazon on Australian shores could spell the end of Australian bricks'n'mortar retail.
I was at a Roy Morgan breakfast not so long ago, when Gary Morgan informed us of Amazon's warning to Australian retails stores:
"Your profit margin is our opportunity".
Amazon is making no secret that it intends to smash Australian retail and knock it out of the marketplace.
As with all American giant businesses, Amazon will initially offer ultra low prices – it may even run at a loss – just to destroy the opposition. But you can rest assured that, once its competition is blown out of the water, those once-low prices will rise, the quality of goods will go down and we'll be at the mercy of yet another overseas mega-corporation that pays no tax on our shores (unless the Government gets its act together), exploits its employees and extorts customers.
Okay, so I could be wrong. But is it a chance I'm willing to take?
I will continue to support Australian-owned small businesses when I can. When price becomes an issue (which it often does), I will buy what I can afford from local businesses and get the rest from where it's cheapest. But I'm not pulling my pants down for Amazon.
It already has far too much global market share and far too much money.
I dread the day it arrives here. But, if what happened to Starbucks in Victoria is any example, I have hope that Australian retail has some chance of surviving the incursion of this monolithic mega-retailer.
What do you think of Amazon's arrival in Australia? Will you continue to support Australian businesses? Or at least buy somne of your goodies from bricks'n'mortar stores?
Read more about the Amazon takeover at www.theage.com.au