Amazon has launched its first Small and Medium Business (SMB) Impact Report for Canada, highlighting how the e-commerce giant works with small businesses across the country.
30,000 Canada-based third-party sellers grossed more than $1 billion on Amazon.ca in 2019, growing 40% year-over-year, and more than in $2 billion on Amazon’s stores around the world.
The data from the Amazon Canada SMB Impact Report shows significant worldwide growth momentum:
- Canadian SMBs sold more than 60 million products in Amazon’s stores, up from 35 million year-over-year.
- On average, Canadian SMBs sell more than 110 products a minute in Amazon’s stores.
- Canadian SMBs had an average of $110,000 in sales – up year-over-year from about $65,000.
- The number of Canadian SMBs that surpassed $1 million in sales grew by more than 80% year-over-year.
“Amazon started as a small business, and we are passionate about helping Canadian SMBs grow by introducing them to millions of customers across Canada and around the world. We offer innovative, easy-to-use tools and provide support to help SMBs succeed, while our dedicated storefronts make it easier for Canadians to discover and shop at their favourite new local businesses,” said Mike Strauch, Country Manager, Amazon Canada.
As the holiday shopping season gears up, customers can visit the new Support Small Storefront on Amazon.ca, which is devoted exclusively to SMB sellers from each region of Canada, including categories like Women-Owned Businesses, Innovators & Handmakers, and Family-Focused Businesses.
“Amazon continues to be a driving force behind our sales growth. By launching new products on Amazon, we are able to test and validate our new product releases and better understand our customers’ needs. Expanding to new markets is also seamless: we now sell our products in the US, Canada, UK, Europe and Singapore. Expanding internationally and using Amazon’s fulfillment services has allowed our team to focus on growing our business through product development, international expansion, and customer acquisition,” said Chris Yee, cofounder of Vancouver’s The Cocktail Box Co.