• Home
  • Internet
  • Internet News
  • Amazon Says Sellers Saw 60 Percent More Sales Than Last Year From Black Friday Through Cyber Monday

Amazon Says Sellers Saw 60 Percent More Sales Than Last Year From Black Friday Through Cyber Monday

Latest industry estimates overnight showed Cyber Monday on course to be the biggest online shopping day ever for the US.

Share on Facebook Tweet Snapchat Share Reddit Comment
Amazon Says Sellers Saw 60 Percent More Sales Than Last Year From Black Friday Through Cyber Monday

The robust performance comes despite nearly two months of offers since Amazon held its Prime Day

Highlights
  • Amazon did not give a breakdown of US sales
  • Amazon didn't give its own numbers for the weekend
  • The numbers for either of the two big shopping days were also not given

Amazon said on Tuesday independent businesses selling on its platform crossed $4.8 billion (roughly Rs. 35,400 crores) 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 (roughly Rs. 74,000) in sales this holiday season to date. 

The Seattle-based company did not, however, give a breakdown of US 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 (roughly Rs. 84,000 crores) as the COVID-19 pandemic prompted consumers to stay at home and turn to the internet for their holiday shopping needs.

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.

Estimates from Adobe Analytics showed this year's conclusion to Thanksgiving weekend sales would come in between $10.8 billion (roughly Rs. 80,000 crores) and $11.4 billion (roughly Rs. 84,000 crores).

While that was down from an earlier estimate of as much as $12.7 billion (roughly Rs. 93,500 crores), it still easily surpasses this year's Black Friday figure of $9 billion (roughly Rs. 66,300 crores), the strongest online sales result for the day ever, as well as last year's Cyber Monday total of $9.4 billion (roughly Rs. 69,400 crores).

© Thomson Reuters 2020


iPhone 12 Pro Series Is Amazing, but Why Is It So Expensive in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Further reading: Amazon, Cyber Monday, Black Friday
Poco F2 Pro Getting Android 11-Based MIUI 12 Update With Additions to Camera App, More Features
Indians Spend Rs. 2,400 on Average for Servicing Out-of-Warranty Smartphones: Counterpoint

Related Stories

 
 

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2021. All rights reserved.
Listen to the latest songs, only on JioSaavn.com