Amazon Has ‘Best Ever’ Holiday – Forbes
Amazon has declared 2016 its “best ever” holiday season, selling millions of Alexa devices and enough 4K TVs to reach the peak of Mount Everest more than nine times.
“Echo and Echo Dot were the best-selling products across Amazon this year, and weâ€™re thrilled that millions of new customers will be introduced to Alexa as a result. Despite our best efforts and ramped-up production, we still had trouble keeping them in stock. From turning on Christmas lights and playing holiday music to shopping for gifts and asking for help with cookie recipes, Alexa continues to get smarter every day,” said Jeff Wilke, Amazon CEO, worldwide consumer.
Amazon typically doesn’t release sales figures and this year was no exception. Instead it offers fun facts about how many specific items were sold, such as enough KitchenAid Mixers were bought this holiday to make nearly 7.5 million cookies at once” and a watch was sold ever 1.5 seconds this season.
But Amazon’s fun facts also help shine a light on growing shopper loyalty as Prime membership climbs and consumers become more entrenched in Amazon’s ecosystem.
Prime ostensibly offers free two-day shipping to members for the annual rate of $99. Amazon has layered on a host of other benefits including access to video and digital book libraries, streaming audio, and new features available only through Alexa – a virtual, voice-activated assistant embedded in Echo devices.
A recent report by the Institute for Local Self-Reliance (ISLR) claims that roughly half of all U.S. households are subscribed to Amazon Prime, half of all online shopping searches start directly on Amazon, and Amazon captures nearly one in every two dollars that Americans spend online.
“As a retailer, its market power now rivals or exceeds that of Walmart, and it stands only to grow: Within five years, one-fifth of the U.S.â€™s $3.6 trillion retail market will have shifted online, and Amazon is on track to capture two-thirds of that share,” according to ISL.
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