The world’s biggest online retailer has begun operating in Australia.
Amazon.com.au went live in the Land Down Under on Tuesday after a soft launch on November 23.
Items on Amazon Australia’s site, however, were not ready for purchase at that time.
Biggest thing to happen in Australia’s retail sector
Reports said the entry of Amazon in Australia was one of the biggest things to happen in the country’s retail industry. It is also expected to revolutionize online shopping there.
The online retail portal already had millions of items for sale across different categories, according to a Mashable report.
Mashable also said “thousands” of Australian brands have enlisted with Amazon to sell their products in Australia and other countries.
Currently, small and medium-scale Australian vendors already sell their wares via Amazon’s Marketplace.
After Amazon announced back in April that it was expanding its operations in Australia, reports said Australian retailers launched “their in-store services or revamped their online stores” to apparently compete with Amazon.
Meanwhile, Amazon is offering free delivery on eligible orders above $49 and one-day delivery service to specific areas in Australia. Australians can now also register for Prime and access Prime Video and Twitch Prime as well.
Amazon has corporate offices in five Australian cities, including Canberra, the country’s capital.
The retail giant’s new facility in Dandenong South will be the product distribution center.
Amazon Australia country manager Rocco Braeuniger said in a statement: “Over time, we will create thousands of new jobs and invest hundreds of millions of dollars in Australia.”
As a result of its launch, Amazon Australia is expected to boost the online retail sector in the Land Down Under.
DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation in writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.
Times of Easy and Tight Money: 1954 to 2022
As the FOMC reduced its “liquidity injections” in February, market valuations began deflating. And then this week, following a huge reduction...
The Bear Market’s Over and Inflation’s Slowing, Right?
Looks like the bear market's over and inflation's finally halting. Happy days, right? Not so fast; it's time to exercise...
The Jewel of the Crypto Winter: Digital Tokens Backed by Viable Products
The crypto winter that's taken over the market in the last few months has been brutal. Besides tanking prices, there...
What’s New in the Neo-banking Scene in Switzerland?
Swiss neo-banking is becoming increasingly similar to foreign competitors in their product offerings and features. Many are now mimicking the...
Investing Apps: Why Are Retail Investors Using Them?
Investment apps have become increasingly popular among retail investors. Notably, the popularity of investment apps has been triggered by the...