Amazon’s imminent arrival in Australia has certainly created a bit of interest in the last few weeks, with articles written on the subject matter here, here and here.

Australian retailers such as Woolworths Limited (ASX: WOW), Wesfarmers Ltd (ASX: WES), and JB Hi-Fi Limited (ASX: JBH) have all scored a mention in discussion over who’s going to end up as Amazon’s road-kill.

And then there’s Baby Bunting Group Ltd (ASX: BBN). Could Amazon do here what it did in the US when it bought Quidsi, Inc., the owner of Diapers.com?

None of this is necessarily a fait accompli, but whether Australian retailers can stand up to the Amazon challenge or not will depend on the nature of their competitive response, and perhaps the size of their existing margins, with those retailers enjoying the highest margins perhaps most at risk.

However, Amazon isn’t called the “everything store” for nothing and it’s not just retailers who have to prepare.

With the possible launch in Australia of Amazon Prime (a membership that offers US customers free two-day shipping and video streaming and much more for a flat annual fee of US$99), it’s possible Australian customers will also have the opportunity to enjoy video streaming with similar offerings to Netflix and Stan. Presto couldn’t stand the competitive heat and is closing its services in January 2017.

There are complexities here though with how Amazon can actually deliver media content to Australian consumers, but assuming it can achieve this over time, who else is at risk?

Seven West Media Ltd (ASX: SWM), Nine Entertainment Co Holdings Ltd (ASX: NEC), and Ten Network Holdings Limited (ASX: TEN) anyone?

Each of these media companies televise live sport and with the recent announcement that Amazon in the US is now in talks to stream live sports, I do wonder if Amazon also has its long-term sights on Australia’s anti-siphoning laws giving free-to-air media the first right of refusal on the televising of popular sporting events.

All of the above is speculation of course, but they’re scenarios worth considering as anything is possible with the entry of a highly-unconventional company like Amazon into Australia.

Foolish takeaway

If you need any convincing of how serious Amazon takes itself, just have a read of any of Amazon’s annual reports. Each of them include the original 1997 letter which states:

… this is Day 1 for the Internet and, if we execute well, for Amazon.com. Today, online commerce saves customers money and precious time. Tomorrow, through personalization, online commerce will accelerate the very process of discovery. Amazon.com uses the Internet to create real value for its customers and, by doing so, hopes to create an enduring franchise, even in established and large markets …

… we believe that a fundamental measure of our success will be the shareholder value we create over the long term.

As a consumer, I’m excited by Amazon’s imminent entry into Australia.

And as an observer of the competitive landscape for Australian retail, media, and who knows what else, this is going to be a fascinating time to witness the effects of competition on the established order by a company that treats the concept of the long term more seriously than anyone else.

Big, Fat, Dividends

This company's dividend is almost the stuff of legends. Its reliable cash flows support a high payout ratio, and the company's stash of franking credits are the cherry on the top of the dividend cake. Based on the last 12-months of dividends, shares are offering a fully-franked 6.5% yield, which grosses up to a whopping 9.3%, when those franking credits are included.

Discover out the name of this blue chip share along with 2 others in our new FREE report "The Motley Fool's Top 3 Blue Chips Stocks For 2017."

Click here to receive your copy.

HOT OFF THE PRESSES: Motley Fool’s #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our https://www.fool.com.au/financial-services-guide">Financial Services Guide (FSG) for more information.

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Amazon.com. Motley Fool contributor Edward Vesely owns shares of Amazon.com. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.