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At least 60% of Amazon's revenue is expected to be made up by electronics, clothing and cosmetics by 2023, and the company is expected to significantly 'accelerate' Australia's online shopping market, new UBS research revealed.

The financial services company revealed more than half of surveyed Australian shoppers would be spending their money on Amazon, as a desire for more - and better quality - online stores still exist.

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When Amazon officially launches its Australian website next week, major electric appliance, clothing and cosmetic retailers could be in for a shock.

The global e-commerce behemoth is predicted to snatch a large chunk of the retail business from Australian giants Harvey Norman and JB Hi-Fi, David Jones and Myer - after it's 'soft launch' on Friday.

More than 40% said they'd ramp up their online spending once Amazon's full website was in action, despite small volumes and limited amounts of product expected to be available initially.

While most still prefer an in-store experience over buying online, particularly when wanting to touch a product or seek advice, Amazon will likely accelerate Australia's major shift to online shopping - much like it did in Italy, Spain and Mexico.

Not all is lost for Australian stores however, with analysts reporting a huge drop in market share of international online stores in recent times when local retailers amped up their online presence.

Stores like Baby Bunting, Supercheap Auto and the big supermarket chains are among those expected to dodge Amazon's disturbance to Australian business.Third are the “too rough” Dutch, followed by “too dominant” Americans, “soppy” Welshmen and “too loud” Scots. Englishmen were voted 10th worst for being too chubby. Turks were sweaty, Greeks smelly and Russians hairy. Women from 50 countries were quizzed on social networking site The first British arrivals to the country were such big drinkers that the distortion to their speech caused a verbal hangover that persists to this day, according to Dean Frenkel, a communications expert at Victoria University in Melbourne.

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