Amazon.com (AMZN) confirmed today that it is actively looking in Australia for a warehouse to become a fulfillment center, as it purses retail in the country.
A decision hasn't been made on a location but it is likely in either Brisbane, Sydney or Melbourne.
"Amazon Web Services launched an Australian region in 2012, we launched a Kindle store on amazon.com.au in 2013, and we now have almost 1000 employees in the country," Amazon said. "The next step is to bring a retail offering to Australia, and we are making those plans now."
Amazon added that it is "excited to bring thousands of jobs" to Australia and "millions of dollars" in investments to help small Australian businesses.
"We are optimistic that by focusing on the things we believe customers value most - low prices, vast selection, and fast delivery - over time we'll earn the business of Australian customers," the company said.
(Amazon.com is held in the Growth Seeker portfolio. See all of the holdings with a free trial ).
(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)