financetom
Business
financetom
/
Business
/
Amazon Prime Day set to lift US online sales to $23.8 billion, Adobe estimates
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amazon Prime Day set to lift US online sales to $23.8 billion, Adobe estimates
Jul 7, 2025 4:25 AM

(Reuters) -Online spending is expected to surge to $23.8 billion across U.S. retailers during a 96-hour Amazon Prime Day event this week, according to an Adobe Analytics forecast released on Monday, as shoppers seek strong discounts on back-to-school gear ranging from apparel to electronics.

Sales from July 8 to 11 are projected to rise 28.4% compared with the same period last year, the report said. Retailers recorded online sales worth $14.2 billion during the two-day Amazon shopping event last July.

"This is equivalent to two Black Fridays," Adobe noted, adding that budget-conscious consumers are adjusting their shopping habits by using generative AI to find deals and get an early start on back-to-school purchases.

Global trade uncertainties, fueled by President Trump's unpredictable rollout of tariffs, have unsettled consumer confidence and put businesses on edge ahead of the July 9 deadline for countries to negotiate trade agreements with the United States.

E-commerce giant Amazon.com has extended its sales window to 96 hours, up from 48, as competitors such as Walmart and Target launch their own promotions.

Shoppers are expected to take advantage of steep discounts to "trade up" to higher-ticket items such as electronics, sporting goods, and appliances, while opting for more affordable alternatives in categories like home and garden or groceries.

Clothing is forecast to see the deepest discounts at 24%, up from 20% last year, while discounts on electronics are expected to dip slightly to 22%, according to Adobe Analytics.

Sales of backpacks, lunchboxes, and college essentials-including headphones and computers-are also expected to increase.

The data firm expects Buy Now Pay Later (BNPL) usage to increase slightly during the Prime Day event, accounting for 8% of overall online spending compared to last year's 7.6% share.

Adobe's forecast is based on an analysis of 1 trillion visits to U.S. retail ecommerce sites, covering 100 million SKUs and 18 product categories.

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 >
Musk offers factory tours to investors as he seeks support for his pay package
Musk offers factory tours to investors as he seeks support for his pay package
May 28, 2024
SAN FRANCISCO, May 28 (Reuters) - Elon Musk is offering factory tours to 15 Tesla shareholders who vote on his $56 billion pay package at the upcoming meeting, the latest effort by the electric vehicle maker to rally votes for the compensation after a court struck it down. The upcoming vote is seen as a referendum for Musk's leadership at...
Cytek Biosciences Gets Approval for Clinical Use of TBNK Reagents in China
Cytek Biosciences Gets Approval for Clinical Use of TBNK Reagents in China
May 28, 2024
06:01 PM EDT, 05/28/2024 (MT Newswires) -- Cytek Biosciences ( CTKB ) said Tuesday it received approval from China's National Medical Products Administration for the clinical diagnostic use of its 1-laser and 2-laser 6-color TBNK reagent cocktails in hospitals, laboratories and clinics. The TBNK reagents help in diagnosing and monitoring various immune-related conditions, including immunodeficiencies, autoimmune diseases, infectious diseases and...
Cars.com Insider Sold Shares Worth $368,137, According to a Recent SEC Filing
Cars.com Insider Sold Shares Worth $368,137, According to a Recent SEC Filing
May 28, 2024
06:01 PM EDT, 05/28/2024 (MT Newswires) -- Angelique Strong Marks, Chief Legal Officer, on May 23, 2024, sold 19,835 shares in Cars.com ( CARS ) for $368,137. Following the Form 4 filing with the SEC, Marks has control over a total of 101,928 shares of the company, with 101,928 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1683606/000095017024065449/xslF345X03/ownership.xml Price: 19.24, Change: -0.09, Percent...
Faraday Future withdraws full-year production forecast as weak EV demand weighs
Faraday Future withdraws full-year production forecast as weak EV demand weighs
May 28, 2024
(Reuters) -Electric vehicle maker Faraday Future said on Tuesday it was withdrawing its production forecast for 2024 due to current market conditions and levels of funding, sending its shares down more than 11% in extended trading. The company said in November it had expected to make around 1,000 vehicles in 2024. Faraday said on Tuesday it is pursuing additional strategic...
Copyright 2023-2026 - www.financetom.com All Rights Reserved