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1.Market Observations, 8.Was Sticky

21 Apr 2017 (TheAge,AFR) – Investors dump retail stocks as Amazon looms

(21 April 2017, AFR, p20, Jessica Sier)

‘Confirmation that e-commerce giant Amazon will enter the Australian market over the next few years has caused the share prices of Australian retailers to slide.  On Thursday, despite a broadly positive sentiment across the sharemarket, investors turfed Harvey Norman and Myer, which fell 3.4 per cent and 2.6 per cent respectively. Electronics retailer and market darling JB Hi-Fi shed 1.8 per cent. ‘


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