Amazon says October Prime Day outpaced last year's event
Publishing timestamp: 2023-10-12 12:01:21
Summary
Amazon's fall Prime Day-like discount event, called Prime Big Deal Days, outpaced last year's event. Prime members purchased over 150 million items from third-party sellers, but focused more on essentials rather than big-ticket purchases. The average spend per order was lower than the July Prime Day sale but slightly higher than last year's fall sale. The top items purchased included protein shakes, Amazon Basics batteries, and Liquid I.V. hydration packets. Retailers like Amazon, Walmart, and Target have been holding early discount events to boost holiday season demand. Online spending during the holiday season is expected to grow, but at a slower rate compared to the surge seen during the pandemic in 2020.
Sentiment: NEUTRAL
Keywords: technology, amazon.com inc, breaking news: technology, walmart inc, internet, business news, retail sales, target corp,
Source: https://www.cnbc.com/2023/10/12/amazon-says-october-prime-day-outpaces-last-years-event.html