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Amazon had its best sales weekend in history of the company during the past days of Thanksgiving, Black Friday and Cyber Monday, as reported through a statement.
The company stated that achieved that figure driven by a record number of consumers who search for deals online amid high inflation .
Although Amazon usually doesn’t share how much it makes during its sales events and didn’t disclose its overall weekend revenue, it said the companies Independents selling on their site generated more than $1,000 millions of dollars.
About 196 Millions of people shopped in stores and online during the five-day shopping window that ran from Thanksgiving to on Cyber Monday, 12 million more compared to last year, according to the National Retail Federation (NRF), a trade group.
He also noted that consumers spent an average of $ 1200 dollars over the weekend on holiday-related purchases, vs. $325 dollars from last year.
Although the higher prices of products could contribute some of the momentum, the National Retail Federation and other retail store monitoring groups have said that higher demand is also driving growth.
Adobe Analytics, which tracks transactions on more than 85 of the 100 major online stores in the US, said that consumers ores spent $25,270 million over the holiday weekend, up 4% compared to last year .
Higher demand could indicate that budget-conscious buyers are eager for offers .
Although retailers launched many discounts even before Black Friday and that will extend throughout the entire holiday season, consumers seem to be confused
about the amount of purchases they should make.
Higher prices on all sorts of items have made people reconsider what you are buying and who you are buying it for.
But as you spending increased, more consumers also used their savings, bought items with cards credit ace and used “buy now, pay later” services that have no interest charges, but it does charge for late payments.
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