Third party sales up 50 pc for Amazon
As online shopping boomed this year amid COVID-19, Amazon has said this holiday season has been the best ever for independent businesses selling on the marketplace with worldwide sales growing over 50 per cent compared to the same time period last year.
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New York
Nearly all of third-party sellers are small and medium-sized businesses, it has said.
“We invested billions of dollars to help small- and medium-sized businesses continue to grow and to help keep employees safe and deliver products to customers - including more than $2.5 billion in bonus pay to front-line workers,” Amazon said in a blog post.
The company said it invested more than $18 billion to help independent businesses grow their sales on Amazon this year. The e-commerce platform said it also spent more than $100 mn on new promotional activities to help small businesses connect with customers beginning with Prime Day and continuing through the holiday season. Amazon also said it invested $10 billion to help keep employees safe and deliver products to customers throughout 2020.
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