Courtesy of Mish.
Amazon has some pretty startling numbers. Let’s dive into various reports for a closer look.
Amazon captured 31% of online spending over Cyber Weekend
CNBC reports Amazon captured 31% of online spending over Cyber Weekend
According to new data by Slice Intelligence, which scanned more than 1 million online shopping receipts from Thanksgiving through Cyber Monday, Amazon accounted for 30.9 percent of sales. It was followed by Best Buy at 7.4 percent, Target at 4.4 percent, and Wal-Mart at 4.1 percent.
Amazon Prime
Barrons reports Amazon Prime Grows to 50 Million Members
Amazon’s Prime membership is up 23% from a year ago, according to new data from Cowen & Co.
Amazon.com doesn’t disclose its Prime membership count, so Cowen bases its estimate off a panel of 2,500 U.S. consumers. Some 45% of that panel now has Prime, which translates to 49.5 million total consumers, Cowen estimates, up 23% from a year ago, when the firm estimated 40 million Prime subscriptions.
Prime costs $99 a year. It gives Amazon shoppers free two-day shipping, plus free access to the company’s growing library of streaming TV and music.
Other Data from Cowen’s Report
- 83% of Prime members purchased an item from Amazon in October versus 49% of U.S. consumers that don’t have Prime.
- The number of people making “Grocery and consumable” purchases at Amazon are up 12% from last year, Cowen estimates.
- Meanwhile, those making the same kind of purchases fell 2% at Wal-Mart and rose just 1% at Target.
Online and Mobile Sales
