Officeworks ready to take on Amazon

Original article by Sue Mitchell
The Australian Financial Review – Page: 15 : 16-Jun-17

Officeworks is diversifying away from its traditional office products market as it prepares for Amazon’s arrival in Australia. MD Mark Ward says the areas that it is looking to expand into include parcel delivery, art supplies and business processing, and that the value of the current and potential markets that it is looking to operate in is around $A55 billion. Ward says he was "not disappointed" by parent company Wesfarmers’ decision not to proceed with an initial public offering for Officeworks.

CORPORATES
OFFICEWORKS SUPERSTORES PTY LTD, AMAZON.COM INCORPORATED, WESFARMERS LIMITED – ASX WES, AUSTRALIA POST, STARTRACK COMMUNICATIONS (AUSTRALIA) PTY LTD, COLES GROUP LIMITED, MOULA PTY LTD, STAPLES INCORPORATED, OFFICE DEPOT INCORPORATED

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