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Amazon Says Third-party sellers made over $3.5bn from Prime Day

San Francisco: Third-party sellers passed $3.5 billion in sales on Prime Day, an almost 60 percent year-over-year increment, Amazon said in the wake of wrapping up the two-day event across 19 nations.

Also, Prime individuals around the globe saved over $1.4 billion during the occasion, securing deep discounts and receiving a jump start on their holiday shopping, Amazon stated on Thursday.

The electronic commerce goliath conducted its Prime Day occasion separately in India in August.

The 19 nations that the October 13-14 Prime Day occasion comprised included the US, the UK, the United Arab Emirates (UAE), Turkey, Spain, Singapore, Netherlands, Mexico, Luxembourg, Japan, Italy, Germany, France, China, Canada, Brazil, Belgium, Austria, and Australia.

Amazon stated that this Prime Day conveyed the two greatest days ever for third-party sellers, essentially which are all little and medium-sized organizations.

CEO Worldwide Consumer at Amazon, Jeff Wilke, stated in an announcement: “We are thrilled that Prime Day was a record-breaking event for small and medium businesses worldwide, with sales surpassing $3.5 billion — an increase of nearly 60 percent from last year.”

He included: “We’re also proud that Prime members saved more than $1.4 billion, and we look forward to providing more opportunities for our selling partners to grow and customers to save throughout the holiday season.”

Amazon said that Prime individuals shopped and discovered incredible deals over an assortment of categories from independent companies to top brands, with home, electronic hardware, nutrition and wellbeing, and arts, crafts, and sewing as probably the best-selling categories.

Amazon said it is on way to contribute $18 billion this year to help small and medium-sized organizations succeed in its online store, and planned this Prime Day to help independent business significantly more – including subsidizing a promotion that helped turn over $900 million in sales for small businesses in the fourteen days paving the way to Prime Day.

On the Prime Day, the quickest delivery was delivered in about 29 minutes and 54 seconds, and included Febreze Car Air Freshener Vent Clips, Amazon stated.

Out of the Prime Day occasion, small or independent sellers made the most amount of profits throughout the occasion.

 

 

source: with input from ians