Amazon Business Empowerment Report Highlights Prospects Of Independent Sellers Leveraging Innovative Tools And Brand Building
Portfolio Pulse from Nabaparna Bhattacharya
Amazon's U.S. Small Business Empowerment Report reveals that over 60% of sales in Amazon's stores come from independent sellers, mostly small and medium-sized businesses. These sellers sold over 4.1 billion products and averaged over $230,000 in sales in 2022. The report also highlights the creation of an estimated 1.5 million jobs in the U.S. due to selling in Amazon's stores.
May 23, 2023 | 7:07 pm
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Amazon's U.S. Small Business Empowerment Report highlights the success of independent sellers on its platform, with over 60% of sales coming from these businesses and the creation of 1.5 million jobs.
The report showcases the positive impact Amazon has on small and medium-sized businesses, which could lead to increased trust and usage of its platform. This may result in higher revenues and a positive short-term impact on AMZN's stock price.
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