E-commerce Christmas is coming early, warns Amazon

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Global sales at Amazon rose 36% year-on-year in the third quarter of 2020 as the e-commerce giant warned that customers were shopping earlier than usual for Christmas.

For the three-months ending 30 September sales rose to $96.1 billion (£74.3 billion), from $70 billion in the same quarter in 2019 while net income increase to $6.3 billion, up from $2.1 billion a year ago.

Amazon founder and Chief Executive Jeff Bezos said: “We’re seeing more customers than ever shopping early for their holiday gifts, which is just one of the signs that this is going to be an unprecedented holiday season.”

The retailer also said that it had created 400,000 jobs this year alone, including 10,000 in the UK – where it now employs 40,000 people.

It also said that its Prime Day promotion on 13th and 14th October, which took place in 19 countries, saw sales for SME-sellers top £3.5 billion – a 60% year-on-year increase.

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