Cyber Monday was Amazon’s largest shopping day ever, topping July’s record-breaking Prime Day, the retail giant announced Wednesday.
No specific sales numbers were given in the announcement, but Amazon said its Echo Dot virtual assistant was its biggest seller. Amazon Fire Stick for TV with Alexa Voice Remote and Amazon Fire Tablets were also top sellers, according to TechCrunch.
Amazon reported its third-party sellers also had their biggest collective day ever with more than 140 million items sold between Thankgiving and Cyber Monday.
Worldwide sales on the Amazon app jumped 50 percent over last year as more mobile users shopped on their devices this year than ever before, the company said.
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And so continues the demise of brick-and-mortar retailers.
ReplyDeleteThe Fed can't figure out why, after near full employment, inflation is growing at an anemic rate. All they need to do is see the trends of online (discounted) retail and they will know why others can't raise prices.
Competition is great for low prices.
That, combined with no growth in wages, will keep inflation in check for months to come.