Amazon: 2020 Holiday Shopping Period Biggest In Its History Amazon reported that this year’s holiday shopping period has been the biggest in its history, as the coronavirus pan- demic forced more people than ever to do their shopping online.The company said in a blog post that customers have been shopping early for gifts and seasonal items for their loved ones while many retailers that rely on physical stores have been struggling Amazon said popular purchases include the new Echo Dot, former President Barack Obama’s book “A Promised Land,” and the Revlon One-Step Hair Dryer and Volumiz- er Brush. Self-care, “nesting at home” and “cozy comfort” were among the most popular trends during the period. “In a holiday season unlike any other, it’s clear that cus- tomers still want great deals on gifts for their loved ones or a little something extra for themselves, and we’re glad to help deliver smiles throughout the season,” said Jeff Wil- ke, CEO of Amazon Worldwide Consumer. “Thank you to our customers, employees, and selling partners around the world for making this our biggest holi- day season to date, and for everything you’re doing to sup- port our communities and each other now and throughout the year.” Amazon did not disclose actual sales figures for Black Friday or Cyber Monday, which are typically its busi- est days in the holiday shopping period.
Amazon has been criticized for promoting its own products above those from independent retailers, but the company said the latter had seen “record demand” on its platform this year. Independent businesses selling on Amazon surpassed $4.8 billion in worldwide sales from Black Friday through Cyber Monday, Amazon said, noting that the figure was up 60 percent from last year. It added that 71,000 small and medium-sized businesses had seen sales above $100,000 in this holiday season. Like many other retailers, Amazon began offering holi- day deals earlier than ever this year. Prime Day, which was pushed back from mid-July to October, became the unoffi- cial kickoff to the holiday shopping season. Consumers still opened up their wallets on Black Friday and Cyber Monday, despite the earlier start, and did more of their shopping online. Spending online on Black Friday this year climbed 22 percent year over year to a record $9 billion, according to Adobe Analytics. Cyber Monday is also expected to notch record sales. The flood of online shopping was bad news for many brick-and-mortar locations, as many customers remain cautious about making trips to crowded stores and malls. Foot traffic to stores on Black Friday dropped 52 percent compared with last year, according to data from Sensor- matic Solutions. As of July 2020, Amazon had assets of $225 billion and more than one million employees.
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December 7, 2020
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