Amazon (AMZN) hosted its annual Prime Day event last week, and although it has yet to release overall sales, Truist analyst Youssef Squali believes the available data indicates this year’s event “was a record sales period again for the company.”The sales data so far shows 3P (third party) vendors experienced robust growth. The platform’s marketplace sellers – made up mostly of small-to medium sized businesses – saw year-over-year sales increasing by 60% to $3.5 billion across 19 different countries, beating Amazon’s 1P business.As a side note, with e-commerce surging across the globe, the pandemic appears to have boosted the amount …read more
Source:: Yahoo Finance
