Amazon touts record sales over holiday shopping weekend

Amazon said on Wednesday it posted record sales in a five-day period starting on Thanksgiving Day and ending on Cyber ​​Monday, adding to what has shown strong for many. retailers so far this year-end shopping season.

Company speak The weekend shopping period is “the biggest ever,” with consumers buying hundreds of millions of products during the period. Apple AirPods and Amazon-branded devices like the Echo Dot smart speaker and Fire TV streaming stick are among the best sellers. It says Champion outfit, Nintendo Switch and Hasbro Gaming Connect 4 console are also hot items.

The company says independent businesses selling on Amazon surpassed $1 billion in sales during the Thanksgiving holiday shopping weekend.

Amazon didn’t provide sales figures for the five shopping weekends, which tend to be some of the busiest days during the holiday season. The company’s fourth-quarter results, usually released in late January or early February, should give Wall Street a better picture of the year-end shopping season.

Consumers spent $9.12 billion online on Black Friday, up 2.3% year over year, while Cyber ​​Monday online sales grew 5.8% to 11.3 billion dollars, according to Adobe Analytics, tracks 1 trillion visits to retail websites and sales of 100 million products.

Expectations for this year’s festive shopping season fadedwith many analysts predicting that consumers will be more budget conscious due to near-record inflation.

But so far, figures from Adobe and other third parties show consumers are opening their wallets and searching for deals, lured by deep discounts from retailers. A survey by the National Retail Federation third release found that, on average, consumers completed about half of their holiday shopping, suggesting that more purchases are likely in the coming weeks.

CLOCK: NRF CEO Matt Shay said the holiday shopping weekend saw 20 million more shoppers than last year.