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Money Costco to go online as rival Amazon prepares to enter Aussie market

08:10  13 september  2017
08:10  13 september  2017 Source:   msn.com

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The industry was just not going to let someone come in and take our company without a great fight, according to chief executive George Vorwick. Ahead of Amazon ’s entry into Australia, Costco is constructing among the largest warehouses in the country to start online shopping.

IGD is a training and research charity. Article. The changing face of food- to - go . Not since Aldi’s entrance into the market in 2001 and Costco ’s in 2009 have we seen another global retailer enter the Australian 4. Intensified online capability. With Amazon ’s expected and imminent market entry

Ahead of Amazon’s entry into Australia, Costco is building one of the largest warehouses in the nation to launch online shopping.

The massive site on the Oakdale Estate near Horsley Park in Sydney is subject to a development application and will be used to distribute to existing warehouses and Costco.com.au.

“We use our distribution centres around the world to do that, so that would be something we would be looking forward to use that site for,” Managing Director of Costco Austalia Patrick Noone told 9NEWS.

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AS AMAZON ’S launch looms only half of Aussie business bigwigs say they are prepared , new A quarter of CEOs said “global, competitive incumbents entering the market ” was the biggest concern “This is great news for shopaholics like me,” said retail expert, Jo Munro. “If you’re a regular online

On Monday, Amazon emailed Australian third-party merchants telling them to prepare for sales As the 2pm mark passed, products began appearing online but were not yet available for sale. In its latest quarterly results, Amazon beat market expectations to post $US43.7 billion in revenue.

Costco Wholesale in Docklands in Melbourne. © AAP Image/Julian Smith Costco Wholesale in Docklands in Melbourne. Costco’s move online is a potential game-changer, with Amazon coming to Australia offering cheap prices and high-speed delivery.

The retail giant launched online in the US nine years ago.

“Big three or four-door fridges online that you can buy and have delievered to your home, whereas in the warehouse we can’t carry them all year round,” Mr Noone said.

Costco online is expected to start in 18 months’ time once the warehouse is built and stocked.

Costco couple getting married at superstore .
A western Sydney couple are tying the knot this weekend at their favourite place in the world – Costco Crossroads at Casula. Sue Berkeley will walk down the aisle to husband-to-be Eli Bob on Saturday, and A Current Affair was on hand for the rehearsal."I get to go to Costco on my wedding day, it's just awesome," Ms Berkeley said."Where else can I get married to the one I love, in the place that I love, surrounded by the people I love?"When the couple became engaged recently, they realised their shared a passion for the discount superstore.

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