Amazon says it had best-ever Thanksgiving Holiday week
- •Just read this article about Amazon's killer Thanksgiving holiday week results ( link here ).
- •Honestly, it's not a huge surprise, but still pretty impressive to see them break records for both sales and items sold.
- •I've been holding AMZN in my growth portfolio for a while now, and even with the market wobbles this year, it continues to be a solid performer.
Just read this article about Amazon's killer Thanksgiving holiday week results (link here). Honestly, it's not a huge surprise, but still pretty impressive to see them break records for both sales and items sold. I've been holding AMZN in my growth portfolio for a while now, and even with the market wobbles this year, it continues to be a solid performer. My original thought process was that even with inflation pinching pockets, people would still prioritize some holiday spending, especially on necessities and gifts that are just easier to get online. Looks like that bet is paying off, at least for now.
What really sticks out to me is how dominant they've become. It makes me wonder about the ripple effect on other retailers. Are they just taking a bigger slice of the same pie, or is the pie itself actually growing? For my own retirement planning, I'm trying to balance these tech giants with some more traditional value plays, but it's hard to argue with results like this. My kids definitely contributed to those sales figures, I know that much!
What are your thoughts on this? Does this news change your outlook on Amazon or the broader e-commerce space for the upcoming year? Always interested to hear what the community thinks, especially those of you with more experience in retail-focused investments.