In the not so distant future retail behemoth Amazon is widely expected to launch in Australia and shake up the retail industry.
While some retailers such as JB Hi-Fi Limited (ASX: JBH) may be negatively impacted by Amazon's arrival, I believe there are others that will continue their growth unabated.
Two shares which I think are worth looking at in the retail industry now are listed below:
Noni B Limited (ASX: NBL)
Through W Lane, Table 8, BeMe, and its eponymous Noni B brand, this retail company operates in the middle-aged women's fashion clothing market. Not only is its target demographic less likely to shop online with Amazon compared to younger demographics, but is a fast-growing demographic thanks to Australia's ageing population.
The company has had a strong start to FY 2018 and looks likely to build on FY 2017's impressive result. At a little over 16x full-year earnings, I think Noni B is worth considering as an investment today.
Premier Investments Limited (ASX: PMV)
The main attraction to this retail conglomerate is its fast-growing Peter Alexander and Smiggle brands. These two niche brands now account for approximately 40% of its total sales, but this could yet grow even further in the coming years.
Management expects Smiggle's sales alone to exceed $400 million by FY 2020 thanks to its global expansion, representing growth of 67% on FY 2017. Similarly, Peter Alexander's sales are forecast to grow to over $250 million during the same period. This will be an increase of almost 31% on FY 2017's sales.
All in all, I believe this puts Premier Investments in a position to deliver above-average earnings growth for the foreseeable future. This could make it a great buy and hold investment option.