RETAIL TRADE – UNITED STATES

Amazon lifts minimum hourly wage

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Original article by Jacob Greber
The Australian Financial Review – Page: 15 : 4-Oct-18

US-based e-commerce giant Amazon has advised that its minimum wage will be increased from about $US11 an hour to $US15 ($20.85). The move will boost the pay of about 250,000 workers, and CEO Jeff Bezos has urged other companies to follow Amazon’s example. The hourly pay rate for entry-level employees at rival retailers Wal-Mart and Target is around $US11 and $US12 respectively, while the federal minimum wage rate is just $US7.25 an hour.

CORPORATES
AMAZON.COM INCORPORATED, WAL-MART STORES INCORPORATED, TARGET CORPORATION, UNITED STATES. FEDERAL RESERVE BOARD, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, DEMOCRATIC PARTY (UNITED STATES)

Jungle king tears into groceries

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Original article by John McDuling
The Australian Financial Review – Page: 1 & 8 : 19-Jun-17

Robert Luciano of VGI Partners says Australian retailers should be concerned by Amazon’s purchase of grocery retailer Whole Foods. Amazon announced on 16 June 2017 that it will acquire the US grocery retailer for $US13.7 billion ($A18 billion), and that Whole Foods will continue to trade under its current name. Luciano suggests that the purchase represents a major evolvement in Amazon’s business model. Amazon is due to commence operating in Australia in 2018, and it is expected to have a major impact on the earnings of local retailers.

CORPORATES
VGI PARTNERS PTY LTD, AMAZON.COM INCORPORATED, WHOLE FOODS MARKET INCORPORATED, SOUQ, MACQUARIE GROUP LIMITED – ASX MQG, AMAZON WEB SERVICES LLC, UBS HOLDINGS PTY LTD, JB HI-FI LIMITED – ASX JBH, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN

‘Fast and vast’ Amazon on its way

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Original article by Eli Greenblat
The Australian – Page: 17 & 20 : 20-Apr-17

US-based e-commerce group Amazon will expand its presence in Australia over the next several years, with a focus on low prices, fast deliver times and a wide range of merchandise. A new report from Morgan Stanley notes that Amazon already boasts annual sales of $A1bn in Australia, while some retail analysts believe that local retailers’ earnings could be slashed by around 50 per cent if Amazon opts to offer a full service in Australia. Amazon has commenced the process of recruiting a local CEO, while it is also scouting potential locations for distribution warehouses.

CORPORATES
AMAZON.COM INCORPORATED, MORGAN STANLEY AUSTRALIA LIMITED, JB HI-FI LIMITED – ASX JBH, MYER HOLDINGS LIMITED – ASX MYR, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, WESFARMERS LIMITED – ASX WES, COLES SUPERMARKETS AUSTRALIA PTY LTD, KMART AUSTRALIA LIMITED, TARGET AUSTRALIA PTY LTD, BUNNINGS GROUP LIMITED, WOOLWORTHS LIMITED – ASX WOW, FLINDERS INVESTMENT PARTNERS

Amazon gearing up to make its trade mark on Australia

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Original article by Sue Mitchell
The Australian Financial Review – Page: 1 & 2 : 7-Dec-16

US e-commerce retail Amazon has applied for more than 250 trademarks in Australia, covering some 30-plus categories of products and services. The retail had previously lodged a number of trademark applications in the mid-2000s, including Amazon Prime and Amazon Fresh. The Amazon Prime subscription video-on-demand service is expected to be formally launched in Australia in 2017. Data from Roy Morgan Research shows that Amazon boast a 50 per cent share of online retail sales in the US.

CORPORATES
AMAZON.COM INCORPORATED, ROY MORGAN RESEARCH LIMITED, IP AUSTRALIA, CITIGROUP PTY LTD