Amazon says sellers racked up more than $4.8B in sales over weekend
 
 
 
 
 
 

Amazon says sellers racked up more than $4.8B in sales over weekend

/ 10:06 AM December 01, 2020
Amazon Associate
 An Amazon worker delivers packages amid the coronavirus disease (COVID-19) outbreak in Denver, Colorado, U.S., April 22, 2020. REUTERS/Kevin Mohatt/File Photo

An Amazon worker delivers packages amid the coronavirus disease (COVID-19) outbreak in Denver, Colorado, U.S., April 22, 2020. REUTERS/Kevin Mohatt/File Photo

Amazon.com Inc said on Tuesday independent businesses selling on its platform crossed $4.8 billion in worldwide sales from Black Friday through Cyber Monday, an increase of more than 60% from a year earlier.

In its first indication of performance for the year’s peak online shopping days, Amazon said more than 71,000 small- and medium-sized businesses worldwide had surpassed $100,000 in sales this holiday season to date. (https://bit.ly/2JePBBn)

ADVERTISEMENT

The Seattle-based company did not, however, give a breakdown of U.S. sales or its own numbers for the weekend, nor for either of the two big shopping days, saying only that the holiday season overall had been its biggest ever.

Latest industry estimates overnight showed Cyber Monday on course to be the biggest online shopping day ever for the United States, garnering up to $11.4 billion as the COVID-19 pandemic prompted consumers to stay at home and turn to the internet for their holiday shopping needs.

FEATURED STORIES

The robust performance comes despite nearly two months of offers since Amazon held its Prime Day sales event in October, with retailers seeking to recoup business lost during this year’s coronavirus-driven closures of malls and stores.

Meanwhile, Ottawa, Canada-based Shopify Inc said on Tuesday total Thanksgiving weekend sales soared 76% to $5.1 billion, beating the previous record of more than $2.9 billion by Saturday evening.

“The record sales … demonstrate the power of the independent and direct-to-consumer businesses,” Shopify President Harley Finkelstein said.

Estimates from Adobe Analytics showed this year’s conclusion to Thanksgiving weekend sales would come in between $10.8 billion and $11.4 billion.

While that was down from an earlier estimate of as much as $12.7 billion, it still easily surpasses this year’s Black Friday figure of $9 billion, the strongest online sales result for the day ever, as well as last year’s Cyber Monday total of $9.4 billion.

Subscribe to our newsletters!
Get updates right into your inbox

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

As an Amazon Associate INQUIRER.net will earn from qualifying purchases.

Don't miss out on the latest news and information.
TAGS: Amazon, Amazon Prime, Black Friday, cyber monday, online marketing, online sales
For feedback, complaints, or inquiries, contact us.

Subscribe to our newsletters!
Get Updates right into your inbox

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.




We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.