Mayfair International Capital - Holiday Deals Extended by Amazon After Record Black Friday

KOWLOON, Hong Kong - Nov. 29, 2023 - PRLog -- Amazon said 11 days of deep discounts sold 1 billion things. Despite the activist campaign Make Amazon wages' "biggest ever global strike" on Friday to raise salaries and working conditions, Black Friday sales broke records.

During the Christmas shopping season, buyers bought more than 500 million things from independent vendors, according to Amazon. During the same time period, the business recorded millions of Prime membership signups.

The first-ever Black Friday NFL game between the New York Jets and the Miami Dolphins was a significant marketing win for Amazon this quarter.

The Christmas shopping frenzy was not restricted to Amazon. Shopify (SHOP) also had a record-breaking Black Friday.

Amazon stated consumers saved roughly 70% more on their purchases compared to the same time last year and that they can expect "millions more deals" from now until December 24. In addition, the business said that delivery times for Prime members in the United States are the quickest in the company's history.

Turning from customers to sellers, Amazon said that merchants providing Christmas offers via "Buy with Prime" had a 300% increase in units bought compared to the same time in October.

Amazon shares fell roughly 0.5% on Tuesday after the Christmas sales event, but they've gained more than 70% in 2023.

Mayfair International Capital Limited (https://mayfairintlcapital.com) offer investment and asset management advice. Mayfair International Capital collaborate with you to develop a financial plan that enables you to actively accumulate, preserve, and diversify your assets.