Retailers need to bite bullet to become Amazon-fit
Retailers who prioritise protecting their share price ahead of investing to become Amazon-fit will be hardest hit by the online retailer's arrival, says veteran fund manager, Andrew Stanley.
Mr Stanley, head of Australian equities at Ralton Asset Management, says retailers need to bite the bullet by stepping up investment in logistics, data analytics and customer service and assessing the likely impact of increased price transparency on their margins and stores, even if it hurts their share price in the short term.
"The ones that focus on the short-term market reaction will be the ones hardest hit because they're going to delay the changes that need to be made," Mr Stanley told The Australian Financial Review after releasing an 80-page white paper on Amazon's impact on the Australian market."
As featured in the Australian Financial Review