Amazon is planning to build giant warehouses in Sydney and Melbourne as online shopping demand surges during the coronavirus pandemic, reports suggest.
The online retail giant entered the Australian market three years ago and slowly grew in popularity, with latest filed accounts revealing the revenues from its Australian business almost doubled in 2019.
Amazon's success in Australia is expected to be accelerated even further as the global health crisis continues, as shoppers increasingly rely on purchasing goods online.
Footfall to Australia's traditional malls and shops has already plummeted, with shopping districts emptied during the pandemic lockdown and customers finding better deals online.
Australian Financial Review on Thursday reported Amazon has partnered with Goodman Group to create a giant centre at its Oakdale West Estate in Kemps Creek, western Sydney.
The joint venture with the industrial property giant is understood to have been approved in April.
An Amazon spokeswoman declined to comment on 'speculations or our future plans'.
Industry sources …