Bad Santa dead on arrival

Wednesday, 13 December 2017

He’s dead on arrival:

Retailer euphoria over Amazon’s less than spectacular Australian launch is fading fast as trading conditions deteriorate in the lead-up to Christmas.

As foot traffic in shopping centres declines and consumers cut back on discretionary purchases, retailers have been forced to pull forward discounting to compete against Amazon and lure cash-strapped shoppers.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.