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December 1, 2022

Amazon has big Thanksgiving shopping weekend

  • Though higher prices might contribute to some of the boost, retail trackers say higher demand is also driving growth.

    • NEW YORK (AP) — Amazon said Wednesday it had its biggest ever Thanksgiving holiday shopping weekend, aided by a record number of consumers looking for deals online amid high inflation.

    The e-commerce company does not typically share how much it earns during its sales events and did not disclose its overall revenue from the weekend. It said in a news release independent businesses that sell on its site generated more than $1 billion in sales.


     
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