Since people around the world have been cooped up at home during the COVID-19 pandemic, Amazon sales in 2020 saw a serious increase. A new report by Jungle Scout shows how much sales increased for Amazon sellers as well as how much the internet giant’s sales from third-party sellers went up. Editor's Choice: The Feds Are Still Begging Canadians To Cancel All Upcoming Vacations Right Now 51% Of Amazon sellers had increased sales because of COVID-19 In addition, 41% said that their business did way better than they expected because of the pandemic. Overall, 62% said that their sales increased in 2020. Meanwhile, Amazon itself earned some serious cash due to this sales increase. "Amazon's net sales from third-party sellers grew 57% year-over-year in 2020, heavily contributing to Amazon's $386 billion annual revenue," explains the press release. While 96% of the surveyed businesses plan to grow their Amazon business in 2021, 66% expressed concern about increased competition in their markets. While the pandemic has aided in Amazon's growth over the past year, the CEO, Jeff Bezos, recently announced that he will be stepping down.
