Amazon breaks through $1 billion revenue mark in Australia :

Amazon breaks through $1 billion revenue mark in Australia


Amazon breaks through $1 billion revenue mark in Australia
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Global e-commerce juggernaut Amazon has broken through the billion-dollar revenue mark in Australia after its sales doubled during 2020 as the COVID-19 pandemic fuelled a surge in online buying.
Financial records posted for the business late on Friday evening revealed Amazon Australia’s retailing arm, Amazon Commercial Services, reported $1.12 billion in net sales for the 2020 calendar year, a 99.4 per cent jump from the year prior.
Amazon Australia is now a billion-dollar company.
Credit:Amazon
Of this, $511 million is directly related to sales of goods from Amazon’s online store, more than double the $218 million recorded in 2019. This shows the online retailer has also seen a similar boost in customer numbers as other major Australian e-commerce sellers such as Catch and Kogan as locked-down shoppers took their spending online.

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