Amazon's Black Friday Footprint Was Enormous, Data Reveals

  • Shares of Amazon.com, Inc. AMZN hit a new all-time high of $684.82 on Wednesday after data showed the online retailer dominated Black Friday sales.
  • Slice Intelligence told TecCrunch that Amazon won Black Friday as its platform accounted for 35.7 percent of e-commerce spending.
  • Best Buy Co Inc BBY was a distant second with a 8.23 percent share, followed by Macy's, Inc. M's 3.38 percent take.
According to Slice Intelligence, Black Friday shoppers turning to their computers and smart devices to find a good deal were more likely to have found one on Amazon.com Slice told TechCrunch that Amazon dominated online Black Friday sales as its platform accounted for 35.7 percent of all e-commerce spending on November 27. Best Buy came in second place, although its 8.23 percent of total online revenue fell well short of Amazon's. Macy's 3.38 percent made the retailer the third most popular destination for online shoppers. Wal-Mart Stores, Inc. WMT's 3.35 percent was sufficient to make it the fourth most popular online destination. Slice's report is consistent with Amazon's own commentary. The company said in a press release that it sold millions of devices. In fact, the two highest sold products products out of all of the products available on Amazon.com were the company's own Fire tablet and Fire TV Stick. Amazon also noted that the number one best seller across all $100+ products available on Amazon.com during Black Friday was the Amazon Echo – a wireless speaker and voice command device.
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Posted In: NewsAmazon Black FridayAmazon EchoAmazon FireAmazon KindleBlack FridayConsumer DiscretionaryDepartment StoresSlice Intelligence
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