July 12 (Reuters) - Online spending soared $24.1 billion
across U.S. retailers during the stretch from July 8 to 11 -
dubbed "Black Friday in Summer", outpacing Adobe Analytics'
prior forecast, as eager shoppers rushed to snap up deep
discounts on back-to-school essentials.
Retailers recorded online sales growth of 30.3% during
events that included Amazon Prime Day, Adobe said on Saturday,
compared with its projections of 28.4%.
Online retail sales in the U.S. rose 11% to $14.2 billion a
year ago.
The Prime Day event has also been cemented as a
"back-to-school" shopping moment, as consumers jumped on early
deals to stock up on essentials and get ahead of the
back-to-school rush, Adobe said.
Several major retailers including e-commerce giant
Amazon.com ( AMZN ), Walmart ( WMT ), Target ( TGT ) as well as
Best Buy ( BBY ) have been launching deal events with strong
discounts, encouraging shoppers to trade up on expensive items
they might normally pass on.
Amazon.com ( AMZN ) extended its sales window to 96 hours, up from
the typical 48, featuring aggressive promotions on categories
ranging from apparel to electronics.
A wave of enticing deals comes at a time when heightened
trade tensions amid the Trump administration's volatile tariff
policies have rattled consumers and businesses, and as the new
August 1 deadline for countries to renegotiate trade agreements
with the United States looms.
According to the report, shopping on mobile was the dominant
transaction channel during the Prime Day event, driving 53.2% of
online sales, above Adobe's forecast of 52.5%.
According to Adobe, overall discounts across U.S. retailers
were between 11% and 24%, compared with the prior forecast range
of 10% to 24%.
Apparel had the biggest deals at 24%, compared with 20% last
year, while electronics were at 23%, similar to last year.