In the news this morning, Amazon provided a peek under the hood, and retail sales were strong for furniture and women’s apparel this holiday season
Normally, Amazon (AMZN) keeps customer data private, but this morning the online retail giant revealed a few figures.
Amazon Prime added more than 3 million members the third week of December, bringing total membership to “tens of millions.” Amazon also said it sold “millions” of its devices, doubling last year’s sales (without providing a more exact figure). The Fire tablet was Amazon’s best-selling device, and this tablet, along with the Amazon Echo and Fire TV Stick were three of the top five items ordered on Christmas Eve through the Prime Now service — a one-hour delivery service available in certain U.S. regions.
Holiday sales are up
According to MasterCard Advisors SpendingPulse, U.S. retail sales grew a “solid” 7.9 percent this holiday season, which shows growth from last year’s figure of 5.5 percent growth between Black Friday and Christmas Eve in 2014.
According to a story in Yahoo Finance, online sales grew 20 percent in the holiday season this year, and strong sales for furniture (which showed double-digit growth) and women’s clothing indicated that consumers might be spending money they were saving from lower gas prices.
What strong holiday sales mean for you
Whether you spent more than last year on your own holiday purchases or not, you are affected by this growth in retail sales. Record-low oil prices led to more cash in American pockets, which led to more people buying last-minute one-hour delivered gifts from Amazon (which led to Amazon and other retailers employing more people, which led to lower unemployment, which led to the Fed’s recent interest rate hike).
This is never exactly a straight line, of course, and there are always factors to be analyzed when you try to determine what will cause the markets to rise or fall — and that’s where we can help you.
We are heading into a brand new year, and this could be your chance to use our expertise to improve your own finances. We hold free webinars throughout the week discussing how to invest in the Forex market as well as in stocks and options (but you’ll want to sign up early this week before our offices close along with the markets on New Year’s Day).
Just use the form below to sign up for one of our upcoming Forex webinars, or visit us at https://www.markettraders.com/stock-package/ to join us for a discussion about stocks and options. We hope your holiday celebrations are still going strong, and we can’t wait for you to join us.