CONSUMER

Amazon says it had its biggest Thanksgiving shopping weekend

Nov 30, 2022, 10:25 AM
amazon logo...
SANTA MONICA, CA - (Photo by David McNew/Getty Images)
(Photo by David McNew/Getty Images)

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.

A record 196.7 million people shopped in stores and online during the five-day shopping period that stretched from Thanksgiving to Cyber Monday, 17 million more compared to last year, according to the National Retail Federation, a trade group. It said consumers also spent an average of $325 during the weekend on holiday-related purchases, up from $301 last year.

Though higher prices on products might contribute to some of the boost, NRF and other retail tracking groups have said higher demand is also driving the growth. Adobe Analytics, which tracks transactions at over 85 of the top 100 U.S. online stores, said consumers spent $35.27 billion during the holiday weekend, up 4% compared to last year.

Higher demand could signal that budget-conscious shoppers are hungry for deals. As spending has gone up, more consumers have also been dipping into their savings, purchasing items on credit cards and using “buy now, pay later” services that lack interest charges but carry late fees.

KSL 5 TV Live

Top Stories

Consumer

(KSL TV)...
Tamara Vaifanua

Financial tips to prepare for having kids

Having kids can be exciting, but it requires a lot of financial planning. Here are some smart money moves for new and expecting parents.
2 days ago
An example of letting your faucet drip to prevent freezing. (KSL-TV)...
Jed Boal

Plumbers warn of frozen pipes after cold front

When it gets this cold and stays cold, some water pipes in some homes in Utah are susceptible to freezing, leading to a costly fix for Utahns.
3 days ago
The Arizona Spike, right, is displayed next to the framed gold and Nevada spikes at the Utah Museum...
Carter Williams

1 of the 4 spikes driven at Promontory Summit fetches $2.2M at auction

The Arizona spike, which was ceremoniously driven in Utah to mark the transcontinental railroad completion in 1869, sold for a little more than $2 million during an auction that closed Thursday.
3 days ago
An apparent shortage of pharmacists is forcing CVS and Walmart to reduce the hours of its pharmacie...
Jordan Valinsky

CVS and Walmart cut pharmacy hours, close some locations earlier, citing staffing shortage

An apparent shortage of pharmacists is forcing CVS and Walmart to reduce the hours of its pharmacies, as they close earlier in thousands of locations.
6 days ago
Susan Lee Wilson, attempting to use her phone after another outage. (KSL-TV)...
Matt Gephardt

Get Gephardt: Salt Lake woman battles phone company to fix 12-year-old landline problem

You pay for phone service, so you would expect to receive phone service. But when a Sandy woman’s landline kept going dead for more than a decade, she decided it was time to Get Gephardt.
10 days ago
An image from Customs and Border Protection shows eggs that a traveler attempted to bring into the ...
Zoe Sottile

As egg prices rise, so do attempts to smuggle them from Mexico, say US Customs officials

Officers at the San Diego Customs and Border Protection Office have seen an increase in the number of attempts to move eggs across the US-Mexico border.
11 days ago

Sponsored Articles

vintage photo of lighting showroom featuring chandeliers, lamps, wall lights and mirrors...
Lighting Design

History of Lighting Design | Over 25 Years of Providing Utah With the Latest Trends and Styles

Read about the history of Lighting Design, a family-owned and operated business that paved the way for the lighting industry in Utah.
Fiber Optical cables connected to an optic ports and Network cables connected to ethernet ports...
Brian Huston, CE and Anthony Perkins, BICSI

Why Every Business Needs a Structured Cabling System

A structured cabling system benefits businesses by giving you faster processing speeds and making your network more efficient and reliable.
notebook with password notes highlighted...
PC Laptops

How to Create Strong Passwords You Can Actually Remember

Learn how you can create strong passwords that are actually easy to remember! In a short time you can create new ones in seconds.
house with for rent sign posted...
Chase Harrington, president and COO of Entrata

Top 5 Reasons You May Want to Consider Apartment Life Over Owning a Home

There are many benefits of renting that can be overshadowed by the allure of buying a home. Here are five reasons why renting might be right for you.
Festive kitchen in Christmas decorations. Christmas dining room....
Lighting Design

6 Holiday Decor Trends to Try in 2022

We've rounded out the top 6 holiday decor trends for 2022 so you can be ahead of the game before you start shopping. 
Happy diverse college or university students are having fun on their graduation day...
BYU MBA at the Marriott School of Business

How to Choose What MBA Program is Right for You: Take this Quiz Before You Apply!

Wondering what MBA program is right for you? Take this quiz before you apply to see if it will help you meet your goals.
Amazon says it had its biggest Thanksgiving shopping weekend