Amazon has shipped more than 1.5 billion items worldwide this holiday season, it announced in a blog post on Monday.
The online retail giant said it had a “record-breaking holiday season” this year with the “greatest savings ever for customers, small business growth and community donations.”
It delivered this holiday “1.5 billion toys, household products, beauty and personal care products and electronics worldwide”. The figure for the entire catalog of the company is probably even higher.
Amazon will release its fourth quarter financial reports next month, which will provide a more holistic view of its operations in the last quarter of 2020.
The Seattle-based company reported a 37 percent increase in revenue in the third quarter to a record $ 96.2 billion. It also forecasts revenue between $ 112 billion and $ 121 billion for the fourth quarter.
Amazon’s astronomical growth – and its CEO’s wealth Jeff Bezos
Jeffrey (Jeff) Preston Bezos Washington Post will add more than 150 jobs next year, giving newsroom record size Philanthropist MacKenzie Scott has donated more than billion in the last 4 months Biden considers Gina McCarthy a domestic ‘climate tsar’ – has come as the company faces renewed antitrust investigations for its dual role as platform operator and vendor.
Amazon reported on Monday that third-party sales are up 50 percent year-on-year and that in 2020 the company will have “ absorbed ” $ 5 billion in operating costs on behalf of those sellers, both metrics it will likely leverage when faced with legal challenges.
The company also highlighted that it spent $ 2.5 billion in bonuses and incentives for frontline workers this year. Those boosts amounted to a wage increase of about 7 percent in a year when Amazon stock prices rose 70 percent.
According to a recent analysis from the Brookings Institute, Amazon is said to more than quadruple compensation for frontline workers this year and still make more profit than in 2019.