Email a copy of 'Sellers Sold 500 Million Sales on Amazon during 11-Day Holiday Sale' to a friend
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Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
Bigwig politicians will use stats and numbers of year-end sales such as this to claim “the economy is stronk!”
Or maybe the economy is “strong” instead of “stronk”. The reality…as long as consumers continue to have jobs, they continue to spend money. Wall Street expected consumers to cut down on spending but they haven’t. And the labor market is now filled with higher wages too, that gives consumers more to spend.
Oooooh. We have Mr. Reality over here. “Reality” is subjective. I learned that from certain academic / political dunderheads.
Here’s reality: Consumers are spending money they don’t actually have aka “credit”. Maybe they should do the honorable thing and repay their student loans and credit card debts instead of splurging more on borrowed money?