financetom
Business
financetom
/
Business
/
Amazon Prime Day boosts US online sales to record $14.2 bln, Adobe says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amazon Prime Day boosts US online sales to record $14.2 bln, Adobe says
Jul 18, 2024 7:24 AM

July 18 (Reuters) - Shoppers spent a record $14.2

billion online across retailers in the United States during the

48-hour Amazon Prime Day event, according to a report from Adobe

Analytics on Thursday.

The Amazon ( AMZN ) sales event has also got retailers such as

Walmart ( WMT ) and Target ( TGT ) launching deals to attract

customers looking for steep discounts.

The two-day Amazon ( AMZN ) shopping event has turned July,

traditionally a slow time for retailers, into a season when

parents look for bargains, especially on back-to-school

clothing, electronics, uniforms, backpacks, dorm decorations and

supplies.

This year, back-to-school shopping started about two days

earlier than in prior years as retailers across the U.S. dangle

discounts to rake in dollars that otherwise could go to Amazon ( AMZN ).

Total online sales rose 11% on July 16 and 17 from $12.7

billion over the two days in 2023, Adobe said.

Sales this year were driven in part by back-to-school

shopping with related spending up 216% across both days,

compared to daily sales levels in June 2024, according to Adobe.

Consumers looking to upgrade devices and add new technology

helped push online sales for the electronics category up 61%

across retailers, Adobe said. It relies on direct-to-consumer

transactions based on more than 1 trillion visits to U.S. retail

websites.

Amazon.com ( AMZN ) said the Prime Day event this year saw

record sales and more items sold during the two days than any

previous year.

During the two days, Amazon Prime members bought products

from brands such as Sol de Janeiro, Apple and Dyson, as well as

small businesses including TruSkin and Native Pet.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
MongoDB Names Mike Berry as CFO
MongoDB Names Mike Berry as CFO
May 25, 2025
08:57 AM EDT, 04/28/2025 (MT Newswires) -- MongoDB ( MDB ) said Monday it has named Mike Berry as chief financial officer, starting May 27. Berry joins MongoDB ( MDB ) from NetApp ( NTAP ) , where he served as finance chief for the past five years, the company said. ...
One of first US trade deals may be with India, Treasury's Bessent says
One of first US trade deals may be with India, Treasury's Bessent says
May 25, 2025
By Andrea Shalal, David Lawder and Doina Chiacu WASHINGTON, April 28 (Reuters) - U.S. Treasury Secretary Scott Bessent on Monday said many top U.S. trading partners had made 'very good' proposals to avert U.S. tariffs, and one of the first deals to be signed would likely be with India. I would guess that India would be one of the first...
High Flood Scores Recorded For Municipal Bond Offerings This Week
High Flood Scores Recorded For Municipal Bond Offerings This Week
May 25, 2025
08:57 AM EDT, 04/28/2025 (MT Newswires) -- Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood Scores, according to ICE Climate Data. An $8 million offering from Chatham, Mass., records a Flood Score of 4.9 out of 5.0, ICE reports. Locations with a component Physical Climate Risk Score, which includes Flood, Wildfire and...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved