This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
In a blog post Tuesday, Amazon.com, Inc (NASDAQ: AMZN) announced that the 2020 holiday shopping season through Cyber Monday has been its “biggest holiday season to date”. Consumer behaviour has undergone a dramatic shift as the coronavirus pandemic has caused shoppers to pivot to e-commerce for their gift-giving needs.
Amazon revealed that independent businesses on its platform generated $4.8 billion in worldwide sales between Black Friday and Cyber Monday, an increase of 60% year over year.