The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
URBAN LEADER AWARDS ARE BACK! START YOUR NOMINATIONS
URBAN LEADER AWARDS ARE BACK! START YOUR NOMINATIONS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
RetailStaff WriterTue 21 Nov 17

Amazon Set to Launch Australian Site on Thursday

amazon

Amazon, the online e-commerce juggernaut that threatens the mass disruption of Australian retail, will finally open its Australian operation on Thursday.

The company has alerted sellers in its Marketplace that they should have stock and pricing ready to take orders for Thursday from 2pm.

Amazon’s products will be a mix of those it’s acquired directly from suppliers and manufacturers and prices accordingly itself, and those that will be retailed by third-party sellers who will be using Amazon’s platform to fulfil the transaction.

Amazon has established a large fulfilment centre in Dandenong, Victoria within the M2 Industry Park.

[Related reading: Amazon Leases First Australian Warehouse in Dandenong]

The timing would coincide with the Black Friday and Cyber Monday sales which have become traditional online shopping days in the US. Australians have already been spending big in the recent Singles’ Day weekend and Click Frenzy on November 14th.  They are expected to spend $500 million on Black Friday and Cyber Monday according to Cashrewards, Australia’s biggest online retail community.

Last week Amazon Australia’s country manager Rocco Braeuniger told those attending the Marketplace Seller Summit in Sydney that the retailer was “really, really, really close” to launching.

Braeuniger also said that Amazon will launch its first-party retail offering and third-party Marketplace simultaneously.

Speaking with Bloomberg, Cathie Wood, chief executive officer of U.S.-based ARK Investment Management, had some good news for small bricks and mortar retailers, as businesses sign up to Amazon’s marketplace.

Wood said Amazon’s arrival will haul the country’s lagging online sales to 10 per cent of total retail spending -- up from about 7.4 per cent this year according to IBISWorld estimates.

“With Amazon accelerating the move into online retail with some of the local Australian retailers leveraging the fulfillment-by-Amazon platform, I don’t think it will take very long to get to 10 percent: maybe 18 months to two years,” Wood said.

She believes that online retail will begin to grow faster once it secures 10 per cent market share.

RetailAustraliaTechnologySector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Soheil Abedian: What’s Driven the Man Who’s Transformed a City

Phil Bartsch
6 Min
Exclusive

Robots Not a Miracle Cure for Housing Productivity Crisis

Vanessa Croll
6 Min
Exclusive

Where 600 Wealthy Families Are Putting Their Millions

Taryn Paris
6 Min
Brique Projects EDM
Exclusive

Brique Thrives in Cauldron of SE Queensland Development

Clare Burnett
7 Min
Henny Prime Henny Background
Exclusive

Why Henny and Prime Edition are Moving into Student Living

Leon Della Bosca
7 Min
View All >
Erin Holland and Natalie Lewis at Urbanity 25
Development

Next Gen Now: Developers Bucking Industry Norms

Leon Della Bosca
Construction

Barings Breaks Ground on $400m Waterloo Project

Taryn Paris
A rendering of the vision for the 10,000 new homes at Concordia 40km north of Adelaide.
Infrastructure

Scheme to Unlock 10,000-Plus Homes in SA Moves Ahead

Marisa Wikramanayake
The green light for a masterplanned community’s trunk infrastructure north of Adelaide means developers can get cracking…
LATEST
Erin Holland and Natalie Lewis at Urbanity 25
Development

Next Gen Now: Developers Bucking Industry Norms

Leon Della Bosca
6 Min
Construction

Barings Breaks Ground on $400m Waterloo Project

Taryn Paris
2 Min
A rendering of the vision for the 10,000 new homes at Concordia 40km north of Adelaide.
Infrastructure

Scheme to Unlock 10,000-Plus Homes in SA Moves Ahead

Marisa Wikramanayake
2 Min
Development

Urbanity Day Two: Five Key Takeaways

Vanessa Croll
10 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/amazon-australia-launch