Amazon hails “biggest holiday season to date” as 3rd party seller sales jump 60%


Amazon has had its “biggest holiday season to date” seeing both the retailers and its owner expand their staggering wealth while retail at large flounders.

Early Christmas shopping, the pandemic-driven online boom and continued lockdowns have driven more shoppers than ever to Amazon this Christmas.

In a blog post the retail giant thanked its “customers, employees and selling partners” alike for creating record demand on its platform.

While Amazon does not release its blow-by-blow sales figures, it said third-party retailers selling on its marketplace made $4.8 billion from Black Friday to Cyber Monday, up 60 per cent from last year.

READ MORE: Jeff Bezos sells another $3bn Amazon shares bringing this years total to $10bn

A further 71,000 small and medium sized business saw sales top $100,000 this holiday season, Amazon said.

According to the Bloomberg Billionaires Index, Amazon’s founder Jeff Bezos’ net worth has increased $76.1 billion to $191 billion this year, the equivalent of New Zealand’s GDP.

As Washington Post data reporter Christopher Ingraham pointed out on Twitter, Bezos could give each of his 876,000 Amazon employees a $105,000 bonus and he would still be as rich as he was at the start of the pandemic.

The news comes after two of the UK’s largest high street retail chains Arcadia and Debenhams fell into administration, putting 25,000 jobs at risk.

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