BUZZ-Citi sees no material impact to Woolies, Coles as <a href="https://laohu8.com/S/AMZN">Amazon</a> enters Aussie fresh food market** Citi expects no material effect on Australian supermarket giants Woolworths WOW.AX and Coles COL.AX as Amazon partners with a local business to enter the fresh food market
** Amazon has partnered with Harris Farm to deliver fresh produce to 80 suburbs in Sydney
** Citi says, as Harris Farm has sales of around A$1 billion and predominantly caters to the Sydney market, the partnership has potential to create about A$50 million-A$100 million of sales over time
** Brokerage, however, flags that should the joint venture expand to other states, the impact on the supermarket chains could be more meaningful
** Woolies fell 3.6% while Coles rose 13.5% in 2025
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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