Amazon says small, independent businesses now account for a bulk of its eCommerce sales.
The company’s annual U.S. Small Business Empowerment Report, issued Tuesday (May 23), shows that 60% of sales on Amazon’s stores come from independent sellers, most of which are small and medium-sized businesses (SMBs).
The report showed that these sellers sold 4.1 billion products last year, with sellers in rural areas seeing more than 40% year-over-year sales growth.
“Small businesses are the heart of our local communities and the backbone of the U.S. economy,” Amazon Vice President of Worldwide Selling Partner Services Dharmesh Mehta said in a news release.
“Amazon invests billions of dollars annually to provide entrepreneurs with a constantly improving set of valuable tools and resources to help them gain access to capital, quickly launch in our store, build their brands, and rapidly scale and reach more customers.”
Read more about the study…
You can read more eCommerce news…
Retail and eCommerce News from the Week Beginning
Amazon and Alibaba Lead in Cross-Border Ecommerce
B2B Companies Share their eCommerce Growth Strategies Paul Demery
The UK competition watchdog has stepped up its scrutiny of big tech involvement in artificial…
The Big Four auditors have been asked to explain what measures they are taking to…
This comprehensive analysis of the Ecommerce Call Center Service market is indispensable for businesses and…
This comprehensive analysis of the eCommerce Solution market is indispensable for businesses and industry professionals…
SAN FRANCISCO - Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter, but…
Tesla CEO Elon Musk made it absolutely clear on today’s Tesla conference call: if you…