
Customers seeking deals gave Amazon's Prime Day and competing sales a solid start
Adobe Digital Insights, which tracks visits to
e-commerce sites
, reported that U.S. consumers spent $7.9 billion at online stores on Tuesday, a 9.9% increase from the comparable day last year.
Retailers offered discounts in the range of 9% to 23%, on par with July 2024 sales events, Adobe said.
Shoppers appeared especially eager to
take advantage of deals
on appliances, electronics and home improvement products, the data company said. Online sales of appliances were 135% higher than last month's daily average, according to Adobe's data.
Back-to-school
items also were popular. Spending increased threefold on school supplies like backpacks, lunchboxes and stationery, and was two times higher for college dorm fixtures like mattresses, mini refrigerators and microwave over, Adobe said.
Amazon doubled the length of Prime Day to four days this year.
Walmart
also added two more days to its summer deals event, which started Tuesday as well.
Retail analysts are evaluating this week's sales for clues on whether President Donald Trump's trade policy and unpredictable
tariffs
affect prices and
consumer behavior
.
Adobe noted that strong deals drove many shoppers to 'trade up' to higher-ticket items. Across all categories the company tracks, the share of the most expensive goods increased by 20%, compared to average levels year to date.
According to consumer data company Numerator, the average Prime Day order on Tuesday cost $58.37. However, the average household cost amounted to more than $106 as of 4 p.m. Eastern time because 42% of households participating in Prime Day placed more than two orders, the company said.
Numerator tracks U.S. retail prices through sales receipts, online account activity and other information from a panel of 200,000 shoppers.
Physical stores in the U.S. may see spillover traffic from online sales events this week as budget-minded customers comparison shop in search of the lowest prices, according to R.J. Hottovy, head of analytical research at Placer.ai. The location data company tracks people's movements based on cellphone usage.
'We do still have a price-sensitive consumer that is actively monitoring price hikes and anything related to tariffs,' Hottovy said.
Despite ongoing economic concerns, Adobe said it expected online sales to spur a record $23.8 billion in spending from July 8 to July 11, which would represent 28.4% growth year over year.
Adobe's numbers are not adjusted for inflation. However, the company said new demand, not rising prices, largely accounts for growing sales figures so far this year.
Seattle-based Amazon does not disclose how much it earns during Prime Day but said it would share some results from the four-day event on Saturday
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Bloomberg
a few seconds ago
- Bloomberg
E-Commerce Firm Pattern Said to Seek IPO Filing by September
Pattern Inc., an e-commerce firm that resells goods on marketplaces such as Inc. 's, is set to file for a US initial public offering before the start of September, according to people familiar with the matter. The Lehi, Utah-based firm is working with banks including Goldman Sachs Group Inc. and JPMorgan Chase & Co. on the offering, the people said, asking not to be identified as the information is private. A listing could raise about $400 million, one of the people said.

Business Insider
a few seconds ago
- Business Insider
Africa's second-largest oil exporter sees output fall below 1 million barrels since OPEC exit
Angola's crude production slipped below 1 million barrels a day in July, marking the lowest level since March 2023. Angola's crude oil production dropped below 1 million barrels per day in July, the lowest since March 2023. The decline in output, documented at 998,757 barrels daily, missed governmental projections of 1.07 million barrels. Lower production may challenge revenue targets due to oil prices trading below Angola's budget benchmark. The nation targets reduced reliance on resource-backed loans, with notable decreases in oil-backed debt to China observed. Output fell to 998,757 barrels per day, according to data from the National Agency for Petroleum and Gas (ANPG), missing the government's projection of 1.07 million barrels. The decline threatens to undermine revenue targets as oil prices trade below the $70-per-barrel benchmark set in the 2025 budget. The southwest African nation, which quit OPEC in 2023 after clashing with the group over quotas, has been working to sustain output above the million-barrel threshold, according to Bloomberg. Officials are now weighing financial support from the International Monetary Fund, though no formal request has been made, the Washington-based lender said. Angola has sought new investment to stem the decline. Equinor ASA and Chevron Corp. have recently expanded activities, while TotalEnergies SE approved a $6 billion project last year. Still, Oil Minister Diamantino Pedro Azevedo has warned that mitigating falling production remains the government's 'biggest challenge.' Debt reduction, export outlook At the same time, Angola is moving to reduce reliance on resource-backed loans, as it confronts a difficult global backdrop of volatile commodity prices, high interest rates, and fragile investor sentiment. Oil-backed debt to China, which stood at $10.15 billion at the end of 2024, decreased to $8.94 billion by July, according to official data. Authorities project the total will drop further to between $7.5 billion and $8 billion by year-end.
Yahoo
29 minutes ago
- Yahoo
US Defense Department to buy cobalt for up to $500 million
(Reuters) -The U.S. is seeking to procure cobalt worth up to $500 million for defense stockpiles amid the country's move to boost its critical mineral supplies. Companies have been scrambling to source rare earths after China imposed restrictions, leading to a 75% drop in rare earth magnet exports from the country in June and causing some auto companies to suspend production. U.S. President Donald Trump in March invoked emergency powers to boost domestic production of critical minerals as part of a broad effort to offset China's near-total control of the sector. In July, Reuters reported that the White House tapped a former mining executive, David Copley, to head an office at the National Security Council focused on strengthening supply chains. According to the tender document published by the U.S. Department of Defense and the Defense Logistics Agency (DLA) on Wednesday, they are looking for offers for alloy-grade cobalt of about 7,480 tonnes over the next five years. Cobalt, mostly imported by the U.S., is used in batteries, a component in nickel superalloys for high temperature sections of jet engines and industrial gas turbines, among others. However, the defense department was seeking offers from only three companies - units of Vale SA in Canada, Japan's Sumitomo Metal Mining and Norway's Glencore Nikkelverk. The document also said the purchase amount can range from between $2 million and $500 million in the five-year period. Sign in to access your portfolio