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

  • IDC 2025 discusses global disruptions, defence preparedness

    The International Defence Conference 2025 commenced on Sunday at Emirates Palace in Abu Dhabi, bringing together defence and security leaders, experts, and companies from around the world to discuss key challenges and opportunities in the sector.

  • Dubai Energy Council reviews carbon emissions progress

    Ahmed bin Saeed chaired the Dubai Supreme Council of Energy meeting on Sunday, which reviewed progress in carbon emission reduction technologies in alignment with the UAE’s Net Zero 2050 Strategy and the Dubai Carbon Abatement Strategy 2030.

  • OpenAI board rejects Musk's $97.4 billion offer

    OpenAI has rejected a $97.4 billion (AED 357 billion) bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous.

  • AD Ports Group reports net profit of AED 1.78 bln

    AD Ports Group has announced its preliminary unaudited financial results for the fourth quarter and full year ending December 2024, and saw revenue increase 48 per cent year-on-year (YoY) to AED 17.29 billion.

  • Air Arabia reports record AED1.6 bln profit in 2024

    Air Arabia has announced its financial and operational results for the full year ending December 31, 2024, posting a record pre-tax net profit of AED 1.6 billion, reflecting a four per cent increase compared to AED 1.5 billion in 2023.

News