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12/01/2022
Amazon will ban sellers from selling fur products to California starting January 1 next year. The latest news from the US station.
Amazon will ban sellers from selling fur products to California starting January 1 next year. The latest news from the US station.
12/02/2022

Americans start shopping mode, Amazon Thanksgiving Week sales record

12/01/2022
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  • Amazon
  • Black Friday
  • Cross-border e-commerce
  • market analysis
Americans start shopping mode, Amazon Thanksgiving Week sales record

Amazon said on Wednesday that in the five days between Thanksgiving and the end of Cyber ​​Monday, sales on Amazon broke previous records . So far, this year's holiday shopping season has been above expectations for many retailers.

Amazon said this year's holiday shopping week was "the largest ever," with shoppers snapping up hundreds of millions of products during the period.

Among them, Apple's AirPods wireless earbuds and Amazon 's private-label products such as the Echo Dot smart speaker and Fire TV streaming media device are hot sellers . In addition , Champion's clothing accessories , Nintendo 's Switch game console and Hasbro's mini-games are also popular products on the platform .

Third-party sellers selling on Amazon also surpassed $ 1 billion in sales during the Thanksgiving shopping week , an Amazon spokesperson said .

However, Amazon did not give specific sales figures during shopping week , which is usually the busiest days during Amazon 's holiday season .

It is understood that Amazon usually releases its fourth-quarter results in late January or early February , which can give Wall Street a more comprehensive understanding of the holiday shopping season.

Consumers spent $ 9.12 billion online on Black Friday, up 2.3 percent from last year, while online sales on Cyber ​​Monday jumped 5.8 percent to $ 11.3 billion , according to Adobe Analytics . Adobe Analytics says it tracks more than 1 trillion visits and 100 million item sales across major retail sites .

In fact, most institutions are not very optimistic about the expectations for this year's holiday shopping season . Many analysts also predict that consumers will be more budget conscious this year due to high inflationary pressures .

But so far, data from Adobe and other third parties show that consumers, lured by deep discounts from retailers, have already started shopping .

According to a survey released Tuesday by the National Retail Federation , consumers are only halfway through their holiday shopping so far based on historical patterns , suggesting that consumers may spend more in the coming weeks .

For sellers, the strong performance of this shopping week has swept away the haze of the past. Many sellers have also achieved good results and are more confident about future growth.

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