Amazon’s Australian business is growing faster than previously expected by Jarden analysts, who see growing risk for local electronics, home and garden, and general-merchandise retailers. Jarden’s analysts estimate that Amazon could take 18% of Australia’s non-food online sales in the country’s 2024 fiscal year, which runs through June. That’s up from 15% in fiscal 2023, they add. Australian shoppers are seen increasingly using Amazon as a first point of purchase, hitting local retailers’ sales and increasing pressure on them to invest in things like centralized fulfillment and regional distribution centers. They see JB Hi-Fi, Kogan.com, Wesfarmers and Myer as among those at risk.