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Amazon gave Prime Day shoppers more time to browse. Many went to Walmart

Amazon gave Prime Day shoppers more time to browse. Many went to Walmart

Amazon.com Inc. executives doubled the length of their summer Prime Day sale this year to give customers extra time to browse the vast selection of deals and discounts. There was a downside. With rising prices top of mind, shoppers surfed the web comparing deals, and a lot of their dollars went to Walmart Inc. instead.
Walmart's weeklong 'Deals' event that ended July 13 outperformed Amazon's longest-ever Prime Day by several metrics. Spending on Walmart.com grew by 24% from its comparable deal period a year ago, six times faster than Amazon Prime Day's year-over-year growth, according to credit and debit card transaction data compiled by Bloomberg Second Measure. Walmart's web traffic increased 14% while Amazon's was flat, and Walmart's app use grew by 22% compared with Amazon's 3%, according to consumer research firm Similarweb.
Amazon still dominates the $1.3 trillion e-commerce market in the US, capturing an estimated 40 cents of every dollar spent online, and Walmart's online metrics are growing from a smaller base. Amazon's 403 million web visits during its four-day sale didn't grow from a year earlier but were still nearly six times those on Walmart for the same period.
But Walmart's online momentum shows loyal Amazon shoppers can be lured away with discounts. Second Measure, which gathers data from a panel of 20 million US consumers, captured this phenomenon — showing that 8% of Amazon Prime Day customers also shopped online at Walmart this year, up from 5% in 2024.
Competing sales give shoppers a greater sense of control during economic uncertainty, encouraging them to spend, said Deborah Weinswig, chief executive officer of Coresight Research in New York. 'Shoppers are more willing to do the work and navigate across multiple websites,' she said. 'We saw people spending a lot more time browsing and comparing prices.'
In an emailed statement, an Amazon spokesperson said: 'These third-party data do not accurately reflect the highly positive customer response to this year's Prime Day, which saw meaningfully stronger growth and customer engagement than suggested and delivered record-breaking sales and savings that surpassed all previous Prime Day events.'
Amazon launched its summer sale in 2015 to attract new Prime members who pay $139 a year for shipping discounts, video streaming and other perks. Before long, rival retailers started offering competing events. In an effort to capture the surge in spending, Adobe Inc. began measuring sales for all US retailers during the Amazon event. This year, over the four-day period ending July 11, those sales increased 30.3% to $24.1 billion, according to the firm.
Walmart is Amazon's biggest online threat thanks to its size and ability to negotiate low prices. Five years ago, the company launched its own membership program to rival Amazon's. Called Walmart+, it offers similar perks to Amazon Prime for $98 a year. Walmart has also been beefing up its marketplace business, which hosts third-party merchants. The company said almost three times as many sellers participated in its sale than a year ago, helping the retailer boost its product assortment.
Shantel Bew, a 52-year-old project manager at a telecommunications firm, shopped both Amazon and Walmart during their sales.
'I was surprised by the cost of things at Amazon,' said Bew, who splurged on apartment essentials for her daughter's move to law school. She dropped $1,600 on Walmart for a couch, mattress and bed frame, cocktail table, barstools and other furniture. She spent $378 on Amazon for pots and pans, a dish rack, cutlery and other kitchen items.
Measuring spending on Amazon during Prime Day is a tricky endeavor. The dates shift, and the company doesn't consistently release key performance metrics about the sale. Amazon said this year's Prime Day was 'bigger than any previous four-day period that included a Prime Day event.'
Firms that work with online merchants can provide a window into what's happening during the sale. Momentum Commerce, a brand adviser that tracked $750 million in US Amazon transactions across a variety of product categories and price points, said spending rose 4.9% during this year's event. After the first day of the sale, Momentum had projected 9.1% growth. Second Measure arrived at a similar estimate of 4%. Both firms compared the Prime Day 2025 sale to last year's two-day event plus the following two days.
Analysts and investors watched this year's Prime Day especially closely for hints of consumer sentiment amid a trade war that has clouded the economic outlook. Tariffs tend to be inflationary because they push up the cost of imported goods. But because tariff negotiations are ongoing, it's difficult to know where prices will settle — making shoppers skittish but willing to splurge if they spot a deal on something they need.
Amazon Prime Day shoppers favored everyday essentials like dish soap and paper plates over more expensive televisions and luxury goods. Walmart sold a lot of socks and underwear, and benefited from an earlier-than-normal back-to-school season, with shoppers snatching up crayons and glue sticks.
'Consumers saw it as a chance to stock up,' said Katherine Black, a partner at consultancy Kearney.
Soper, Kang and Barkley write for Bloomberg.
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Gear News of the Week: Amazon Buys Bee, VSCO Has a New App, and CMF Debuts a Smartwatch
Gear News of the Week: Amazon Buys Bee, VSCO Has a New App, and CMF Debuts a Smartwatch

WIRED

timean hour ago

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Gear News of the Week: Amazon Buys Bee, VSCO Has a New App, and CMF Debuts a Smartwatch

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I was laid off and can't find a job. My savings are nearly gone and my self-confidence is low, but I believe I'll find one.
I was laid off and can't find a job. My savings are nearly gone and my self-confidence is low, but I believe I'll find one.

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I was laid off and can't find a job. My savings are nearly gone and my self-confidence is low, but I believe I'll find one.

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Best Stock to Buy Right Now: Amazon vs. Opendoor Technologies
Best Stock to Buy Right Now: Amazon vs. Opendoor Technologies

Yahoo

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Best Stock to Buy Right Now: Amazon vs. Opendoor Technologies

Key Points A hedge fund manager believes Opendoor could go to $82 per share over the coming years. Amazon doesn't have nearly as much upside, but is already a proven winner. 10 stocks we like better than Opendoor Technologies › Wall Street thought struggling real estate e-commerce company Opendoor Technologies (NASDAQ: OPEN) was down and out. Suddenly, the stock has surged over 500% in less than a month. What's going on? A hedge fund manager recently announced an investment in the stock via social media, setting an $82 price target for shares that ignited interest in a company that has struggled in a slow housing market. But is it wiser to chase the momentum, or to look to a proven e-commerce winner in Amazon (NASDAQ: AMZN) instead? Let's take a closer look at Opendoor's prospects and determine which of these two hot growth stocks is the better buy right now. Is Opendoor Technologies poised for a comeback? Opendoor Technologies aimed to become the housing market's version of Amazon with iBuying, a process by which a company buys and resells homes through an online marketplace. The company went public via a special purpose acquisition company (SPAC) merger in late 2020, amid a period of 0% interest rates that ultimately led to high inflation and prompted the Federal Reserve to raise interest rates aggressively. The resulting spike in mortgage rates (plus already higher home prices) slammed the brakes on the housing market, creating tremendous problems for Opendoor, which took significant losses on homes it struggled to sell for a profit. Opendoor's stock has cratered since then as losses continue. Hedge fund manager Eric Jackson elaborated in his post on X that he believes the company's cost-cutting, pivot to partnering with agents, and lack of direct competitors offer a path to significant upside over the coming years, comparing it to the remarkable turnaround that Carvana achieved. Eric Jackson acknowledges the risks associated with Opendoor stock, but setting such a high target for a company has spiked investor interest in the stock, sending it soaring. Amazon offers far more certainty, though it's probably not a 100-bagger anymore Amazon, one of the world's most prominent companies, is a safer stock to own. It doesn't take a rocket scientist to figure that out. But Amazon's massive $2.4 trillion market capitalization also means it has nowhere near the upside potential Opendoor does. That said, the company still has room for growth. E-commerce accounts for less than a fifth of total retail spending in the United States, and Amazon's lucrative cloud unit, Amazon Web Services (AWS), is poised to grow significantly over the coming decade and beyond as artificial intelligence (AI) drives increased cloud usage. Analysts estimate Amazon will grow earnings by an average of 21% annually over the next three to five years. Assuming the stock's valuation remains the same, that growth would double the stock price in just under four years. That's no 100-bagger, but most investors would probably take those returns with a smile. Sometimes, a bird in the hand is worth 100 in the bush Comparing two very different e-commerce stocks boils down to this: The probability that Amazon doubles in value over the next three to five years is far greater than the probability that Opendoor increases by 100 times. Opendoor's core iBuying business is steadily dragging the company down, steadily depleting the company's book value. The iBuying process is a low-margin business model that ties up a significant amount of capital while unsold houses sit on the balance sheet. Opendoor isn't buying and reselling inventory fast enough, or fleshing out its iBuying model with enough higher-margin add-on services to make the company sustainable to this point. It could remain an uphill battle in a slow housing market plagued by affordability issues. The idea of an Amazon-like e-commerce experience for real estate sounds good at first, but it hasn't translated to business success. Until something changes here, Opendoor faces substantial risks that make it hard to justify buying the stock at a premium to its book value. It's like playing the lottery. Someone, somewhere, may win, but it's a terrible way to try and make money. I don't know how high Opendoor may go. The market has become quite euphoric, which bodes well for speculative behavior. Opendoor announces earnings on Aug. 5. The company needs to deliver solid, or at least improving, business fundamentals; otherwise, the stock could easily reverse course rather quickly. What I do know is that Amazon is the superior business and the better growth stock to buy right now. It's not even close. Should you buy stock in Opendoor Technologies right now? Before you buy stock in Opendoor Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Opendoor Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy. Best Stock to Buy Right Now: Amazon vs. Opendoor Technologies was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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