Skip to main content

Amazon reports a loss for its first month Down Under

Despite visits from curious shoppers, Amazon’s Australian first month in business got off to a slow start.

The online giant, which debuted it Australian website on Dec. 5, reported a loss of almost A$9 million ($6.6 million U.S. dollars), according to Reuters, which cited corporate filings.

The weeks between the launch and December 31, produced more than A$6.3 million in direct sales versus total Australian retail sales of A$26.3 billion that month, the report said.

The results were filed in April, but they were not reported at the time, Reuters explained.

To read more, click here.
This ad will auto-close in 10 seconds