The Sydney Morning Herald reported today that Amazon is looking for warehouse space in Sydney's west. Reminds me of a great quote from Richard Goyder, Wesfarmer Managing Director, when speaking of the threat Amazon poses to Australia retailers:
Amazon will eat all our breakfasts, lunches, and dinners.
I couldn't agree more; retailers in Australia should be worried, very worried. According to a recent survey, more than 50% of U.S. online shoppers begin their product searches on Amazon.com which is really bad news for U.S. retailers. I would expect the same results here.
