Amazon sales surge during record-breaking 2020 holiday shopping season
All rights reserved)Amazon is reporting record-breaking sales over the holiday shopping season so far. The company said on Tuesday that this yearโs holiday shopping season has been its largest. Amazon said small and medium-sized businesses that use the platform took-in nearly $5 billion between Black Friday and Cyber Monday, a 60% jump from last year. The firm says sales grew 22% for the period from Thanksgiving Day and Cyber Monday. Analysts say it is evident that the pandemic is leading more people to shop online.
Another booming quarter for Walmart, but sales are slowing
NEW YORK โ Walmart turned out another stellar quarter as the worldโs largest retailer powers through a pandemic that has felled other national chains. The U.S. on Tuesday reported the slowest monthly retail sales since the spring when the pandemic seized up the economy. Sales at Walmart stores opened at least a yearโ a key barometer for a retailer's health โ rose 6.4%. Online sales spiked almost 80% after nearly doubling in the previous quarter. That trend continued to manifest itself Tuesday at Walmart, and Home Depot as well, which reported a 23% quarterly sales surge.