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Analysts cool on retailers JB Hi-Fi and Harvey Norman as Amazon’s Australian expansion powers on – NEWS.com.au
Analysts cool on retailers JB Hi-Fi and Harvey Norman as Amazon’s Australian expansion powers on
Online retail giant Amazon is expanding rapidly in Australia and giving electronics retailers JB Hi-Fi and Harvey Norman a headache. So are those stocks looking overpriced?Morningstar certainly thinks so, saying the market’s optimism for Aussie electronics retailers is at odds with Amazon’s robust expansion plans.
The financial services firm estimates Amazon’s Australian gross merchandise value grew at about three times faster than JB Hi-Fi and Harvey Norman’s sales last year and forecasts the New…
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