Amazon to open small stores, online supermarket in Australia

One of the world's biggest retailers, Amazon, is on track to launch bricks and mortar grocery stores and an online supermarket in Australia within two years. An Amazon supermarket would be different to a typical Australian supermarket, if it is built as once advocated by an executive supporting Amazon's grocery rollout globally, Brittain Ladd. It would be smaller than a Woolworths or Coles; similar in size to an Aldi store. An Amazon supermarket is expected to stock only the items people like to inspect before purchasing. Customers would also have the option of ordering groceries online and then using drive-thru lanes to pick up their groceries from the store. The online giant has identified grocery as a growth opportunity and is expected to launch its grocery business in Singapore and South East Asia around the same time as launching in Australia. Amazon.com Inc. was founded and is led by Jeff Bezos, one of the world's richest people and estimated by Forbes to be worth $US64 billion (over AED 235billion). (Madeleine Heffernan/Sydney Morning Herald)

More from Business News

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

On Virgin Radio today

Trending on Virgin Radio