Eye on Retail: Small retailers loom large on Amazon

Small and medium-sized businesses selling on Amazon Marketplace racked up big sales figures in 2017.

Small and medium-sized businesses (SMBs) selling on Amazon Marketplace rang up big sales in 2017.

In 2017, more than 300,000 U.S.-based small and medium-sized businesses joined the Amazon Marketplace — a network comprised of companies that operate in every state in the U.S., and more than 130 countries around the world. More than 140,000 of these small and medium-sized businesses surpassed $100,000 in sales on Amazon in 2017.

Customers ordered “billions of items” from these businesses through Amazon’s Marketplace. More than one billion items were purchased during the holiday season, and more than 140 million items were ordered between Thanksgiving and Cyber Monday, according to the company.

Other SMB milestones achieved in 2017 include:

  • Fulfillment by Amazon shipped billions of items worldwide.
  • Amazon Lending, a program launched in 2011, surpassed $3 billion lent to small businesses on Amazon.
  • Amazon Handmade expanded to encompass 10 categories offering customers more than one million handcrafted items from thousands of artisans and small business owners across all 50 states, and more than 60 countries.

“More and more small and medium-sized businesses are choosing to join the Amazon Marketplace and sell alongside Amazon to reach customers around the world,” said Peter Faricy, VP for Amazon Marketplace. “Entrepreneurs and small business owners are succeeding on Amazon, and reinvesting in their local communities, efforts which create jobs and support local suppliers.”

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