Amazon has delivered more than 1.5 billion items globally this holiday season, it announced in a blog post on Monday.
The online retail giant said it had a “record holiday season” this year, with “the biggest customer savings, growing small businesses and providing communities.”
It delivered “1.5 billion toys, household products, beauty and personal care products and electronics all over the world this holiday season.” The number of the entire company catalog is probably even higher.
Amazon is set to release fourth-quarter financial reports next month, which will provide a more holistic picture of its business in the last quarter of 2020.
The Seattle-based company reported a 37% increase in sales in the third quarter to a record $ 96.2 billion. It also forecast sales of $ 112 billion to $ 121 billion for the fourth quarter.
The astronomical growth of Amazon and the wealth of its CEO Jeff Bezos
Jeffrey (Jeff) Preston Bezos Washington Post will add more than 150 jobs next year, bringing the newsroom to record size Philanthropist MacKenzie Scott has donated more than a billion in the last 4 months – came while the company is facing renewed antitrust control over its dual role as platform operator and provider.
Amazon reported Monday that third-party sales grew 50 percent year-over-year and that the company “absorbed” $ 5 billion in operating costs on behalf of those sellers in 2020, both statistics it will likely implement if it faces with any legal challenges.
The company also pointed out that it has spent $ 2.5 billion in bonuses and incentives for front-line employees this year. These increases amounted to a 7% increase in wages in a year in which Amazon stock prices rose by 70%.
According to a recent analysis by the Brookings Institution, Amazon could have more than four times as much compensation for front-line workers this year and still make more money than in 2019.