(Bloomberg) — Amazon.com Inc. is touting the success of the independent merchants on its site, previewing arguments Chief Executive Officer Jeff Bezos is expected to make next week to a congressional committee.
The Amazon founder is scheduled to testify on Monday before a House of Representatives panel probing competition in tech, alongside the top executives at Apple Inc., Alphabet Inc. and Facebook Inc. It will be Bezos’s first appearance before Congress.
Small- and medium-sized U.S.-based sellers averaged more than $160,000 in product sales on Amazon in the year ended May 31, up from about $100,000 during the prior period, the company said in a report released Tuesday. These merchants sold 3.4 billion products during the period, up from 2.7 billion a year earlier.
A periodic disclosure detailing Amazon’s small-business offerings from seller support to cloud-computing software, the report didn’t offer specific explanations for U.S. merchants’ rapid sales gains. But a