Amazon said Wednesday it had its biggest ever Thanksgiving holiday shopping weekend, aided by a record number of consumers looking for deals online amid high inflation.
The e-commerce company does not typically share how much it earns during its sales events and did not disclose its overall revenue from the weekend. It said in a news release independent businesses that sell on its site generated more than $1 billion in sales.
A record 196.7 million people shopped in stores and online during the five-day shopping period that stretched from Thanksgiving to Cyber Monday, 17 million more compared to last year, according to the National Retail Federation, a trade group. It said consumers also spent an average of $325 during the weekend on holiday-related purchases, up from $301 last year.
Though higher prices on products might contribute to some of the boost, NRF and other retail tracking groups have said higher demand is also driving the growth. Adobe Analytics, which tracks transactions at over 85 of the top 100 U.S. online stores, said consumers spent $35.27 billion during the holiday weekend, up 4% compared to last year.
Higher demand could signal that budget-conscious shoppers are hungry for deals. As spending has gone up, more consumers have also been dipping into their savings, purchasing items on credit cards and using “buy now, pay later” services that lack interest charges but carry late fees.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
‘Wednesday’ fans shocked to learn ‘90s Wednesday Addams is new character in Netflix seriesSome fans of Netflix's spooky new 'Wednesday' series are just now figuring out that one of the show's stars, Christina Ricci, played Wednesday Addams herself as a child star in the 1990s.
Leer más »
Thanksgiving weekend draws massive sports viewershipThe Giants-Cowboys match-up was the most-watched NFL regular-season game ever, averaging 42 million viewers.
Leer más »
A taste of Texas weather ahead: Warm and rainy Tuesday, then a cold WednesdayTemperatures will be well above normal on Tuesday with highs in the mid to upper 70s. Unfortunately it won’t last long. A strong cold front is expected to...
Leer más »
Watch SpaceX launch Japanese moon lander, UAE rover early WednesdayLiftoff is scheduled for 3:39 a.m. EST on Wednesday (Nov. 30).
Leer más »
Gwendoline Christie says her role in 'Wednesday' is the first time she's felt 'beautiful on screen'The actor said director Tim Burton let her craft her character for the Netflix series.
Leer más »
Sonoma County Voters With Ballot Signature Issues Must Fix by WednesdayVoters in Sonoma County that participated in the Nov. 8 election and were notified that there were missing or mismatched signatures on their ballots have until Wednesday to clear things up, the county said on Monday.
Leer más »