Business
Amazon Australia sales exceed $1b – The Australian Financial Review
Amazon Australia’s revenues topped $1 billion for the first time in 2020, fuelled by strong uptake of goods and services such as Prime.
Expectations were high early on but as we looked at the range they entered the market with and the development of that range, it was clear early on it was going to be a slower ramp-up than we thought before they entered, said Credit Suisse analyst Grant Saligari.
Existing retailers invested significantly to lift their game and keep up with the consumer shift to online shopping, which now accounts for about 11 per cent of total retail spending, up from 5 per cent in 2017.
Online has necessitated…
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