Today, Amazon reported that it experienced its biggest holiday shopping season in 2020. Independent businesses selling on Amazon surpassed $4.8 billion in worldwide sales from Black Friday through Cyber Monday, which is up 60% from last year. 71,000 small and medium-sized businesses had seen sales above $100,000.
At the same time, foot traffic to stores on Black Friday dropped 52% compared with last year. Amazon is one of the best positioned retailers to continue benefiting from this trend. As more users will continue fearing going out and instead will order online, the market which Amazon dominates, Amazon will continue reaping benefits until the arrival of stronger e-commerce competitors.
https://www.cnbc.com/2020/12/01/amazon-announces-black-friday-cyber-monday-2020-results.html
No comments:
Post a Comment