E-commerce superpower Amazon is celebrating its best holiday sales period ever thanks to a record-breaking number of items bought across the globe. The company released its holiday sales information on Wednesday and claimed “all-new Echo Dot, L.O.L. Surprise! Glam Glitter Series Doll, fashion items from Carhartt, and Bose QuietComfort Wireless Headphones,” along with other items, lead the sales increase. Along with the rise in revenue, the firm also enjoyed an uptick in Amazon Prime memberships, which includes members-only benefits such as “FREE Same-Day, One-Day or Two-Day shipping, in addition to FREE two-hour delivery with Prime Now,” and access to the Prime video streaming service.
“This season was our best yet, and we look forward to continuing to bring our customers what they want, in ways most convenient for them in 2019,” wrote Amazon’s Jeff Wilke, CEO Worldwide Consumer in a press release. “We are thrilled that in the U.S. alone, more than one billion items shipped for free this holiday with Prime,” he added. “Thank you to our employees all around the world who are committed to bringing our customers the widest selection of products with low prices and fast and free delivery options throughout the holidays and all year long.”
At the time of this writing, Amazon’s stock price is trading at $1,436.98 per share, which is close to a seven percent increase from the previous close. The rest of the FAANG stocks (Facebook, Apple, Netflix, and Google) are also trading in the green. However, these firms aren’t the only companies celebrating this week. According to one report from Reuters, US retail sales grew more than five percent this holiday season.
“From shopping aisles to online carts, consumer confidence translated into holiday cheer for retail,” said MasterCard’s senior adviser Steve Sadove while speaking to Reuters.