The pandemic-fuelled online shift has helped Amazon’s nascent Australian operation to drive sales 99.4% YoY,  a financial filing has revealed. Amazon Commercial Services, its Australian retail arm, disclosed 2020 calendar year sales of AUD1.12 billion, the first time returns have topped the AUD billion mark.

Within this, AUD511 million was sales made from Amazon’s 1P online portal, a considerable uplift from the AUD218 million generated in 2019. 3P seller sales reached AUD126 million, while Prime uptake saw revenues almost triple to AUD90 million. Net loss was AUD3.8 million, versus AUD4.7 million in 2019.

The US parent’s funding increased 50% to AUD371 million, with new FCs in Sydney, Brisbane and Melbourne taking the bulk of this investment. However, investment in percentage terms was down on the previous year, indicating the business is becoming more self-sufficient.

Source: Sydney Morning Herald