Latest news with #PrimeDays
Miami Herald
11-07-2025
- Business
- Miami Herald
Amazon Prime gets bad news amid alarming customer issue
If you were to tell somebody a couple decades ago that one of the biggest retailers in the U.S. had virtually no brick and mortar stores, they'd probably say you were living on another planet. And, to some extent, the past several years have resembled something other-worldly. Related: Famous retail chain makes two more alarming store closures Nevertheless, Amazon (AMZN) has risen to extreme popularity over the past decade for its ability to offer its customers convenience and expedience. And that's just with the click of a button. Despite - or, perhaps, because of - its limited footprint, Amazon has been able to firmly cement itself as one of the premier retailers of today. Its customers are willing to pay upwards of $140 per year for the privilege of speedy shipping and seemingly endless selection. It's popularized same- and next-day delivery - so much so that we now expect nearly all our goods to arrive at our doorstep instantly. This is so much the case that other retailers like Walmart and Target have launched their own versions of Amazon Prime. Dubbed Walmart+ and Target Circle 360, both retailers have accelerated their e-commerce capabilities in an effort to keep up with customer demand - and to grab a piece of the online pie before Amazon gobbles it all up. Image source: Bloomberg/Getty Images Part of the reason Amazon has been able to grow so quickly is because it offers quick access to pretty unbeatable deals. While other retailers certainly offer rock-bottom prices, like Costco and Dollar General, these stores operate primarily in-person. Sure, you can buy things on all of their websites, but the lion's share of business is done at their brick and mortar locations. More Retail: Lowe's launches massive early answer to Amazon Prime DayTarget has new plan to win back customers with big savingsHome Depot makes clear statement amid boycott threatsFamous retail chain makes two more alarming store closures Their customers primarily do their shopping at a physical location, which means you have to actually put some clothes on and drive there if you want to save some money. Amazon, on the other hand, allows you to shop for deals from the convenience of your own home. And that's all done while you wear sweatpants or whatever else it is you find comfortable. Which is good business, particularly for people who value their time almost as much as their dollar. In fact, Q1 2025, Amazon's net sales grew by 9% year-over-year. Amazon had a bumper 2024. Its Prime Days were a success, and execs proudly touted it as a record for the company. Sales topped over $14 billion - up over 11% compared to the year prior. Now, however, a worrying new report from Momentum Commerce indicates Amazon's 2025 Prime Days aren't quite off to an electric start. Related: Famous sporting goods chain makes drastic change worth millions Momentum Commerce claims sales during Amazon's first day of Prime Day, July 8, 2025, were down by 41% compared to the first day in 2024. It's still predicting Amazon Prime in 2025 to be a big one, however. It projects growth of over 9% compared to 2024. Amazon, for its part, is refuting Momentum's findings. A spokesperson for Amazon told Axios that the numbers are "highly inaccurate" and "statements made by third-party consultancies that don't have access to the actual data." Adobe Analytics, on the other hand, claims sales for Prime Day are already up 10% compared to last year. Related: Amazon suddenly closing key warehouse, signaling delivery shift The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Insider
11-07-2025
- Business
- Business Insider
Free Tools: Home Depot (NYSE:HD)Takes on Prime Days With Big Sales
There are few things that catch the eye quite like the phrase 'free (fill-in-the-blank).' It does not especially matter just what that thing is; if it is free, there will likely be interest. That is what home improvement giant Home Depot (HD) is out to do with a new promotion that looks to take on Amazon (AMZN) right in the heart of its Prime Days promotion. Investors were pleased by the sheer bravado of it all, and sent shares up modestly in the closing minutes of Thursday's trading. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Home Depot is slashing prices on power tools, noted one report, with sale prices down up to 50% over normal levels. There are indeed free tools available, part of several 'buy-one-get-one' combinations with the DeWalt brand all over them. However, there is a downside; today marks the end of several of these deals. For investors, though, today will likely be a very good day as shoppers step in, looking for—and likely finding—great deals. Home Depot will be covering the waterfront in terms of available tools: from saws to sanders, from powered ratchets to the batteries to run them, and well, well beyond, Home Depot will have it on offer and at a healthy discount. Helping Texas Rebuild A major natural disaster, like the central Texas flood, is a perfect opportunity for a home improvement giant like Home Depot to step in and offer aid. Not only is the product line tailor-made for addressing the biggest problem—damaged homes—but also, addressing that need publicly encourages returning shoppers. To that end, Home Depot is offering up $250,000 to disaster relief efforts in various communities in central Texas. Not only is Home Depot reaching out to its usual partners in such efforts, like Convoy of Hope, Operation Blessing and Team Rubicon, but also, Home Depot is turning to its own supply chain for help. Home Depot addressed its '…vendors and distribution centers,' looking for 'essential supplies' that would need to go to stores in the area as a means to supply the emergency response and the events that follow. In fact, one Home Depot parking lot is currently being used as an '…EMS command post.' Is Home Depot a Good Long-Term Buy? Turning to Wall Street, analysts have a Strong Buy consensus rating on HD stock based on 19 Buys and six Holds assigned in the past three months, as indicated by the graphic below. After a 4.88% rally in its share price over the past year, the average HD price target of $427.65 per share implies 14.41% upside potential.
Hindustan Times
10-07-2025
- Business
- Hindustan Times
Amazon Prime Day starts slow; Day 1 shoppers drop 41% in US, await better deals as sale extended this time
Shopping major Amazon extended its annual sale, Prime Day 2025, to four days, up from the usual two in the US and some other markets, aiming to give shoppers more time to browse and make purchases. However, sales performance on the first day fell short of expectations in the US, according to a Bloomberg report. 'The prolonged event has encouraged shoppers to do more 'treasure hunting,'' said an expert.(Pixabay) Momentum Commerce, which oversees Amazon sales for 50 brands across various categories and price points – including Crocs and Beats – reported that its clients saw a 41% drop in sales in the US on Tuesday compared to the start of Prime Day last year. CEO John Shea said that shoppers are browsing but holding off on purchases. 'Shoppers are waiting to see if better deals show up later,' he said, adding that shorter Prime Days had previously driven quicker buying decisions. 'Bigger and better' Prime Day, but is that the issue? Ahead of the event, Amazon had said: 'Amazon Prime Day is bigger and better than ever, expanding to four days of exclusive discounts and savings for Prime members July 8–11. Stay informed with the latest Prime Day 2025 updates and helpful shopping tips to make the most out of this year's 96-hour sale.' When asked about Momentum's data, an Amazon spokesperson initially declined to comment. Momentum, which generates around $7 billion in annual Amazon sales for clients including Crocs, Beats, and Therabody, is considered to have a broad view of Prime Day trends. After Bloomberg's story was published, Amazon responded via email, saying: 'Typical of statements made by third-party consultancies that don't have access to the actual data, these numbers are highly inaccurate.' The company did not specify how the figures were inaccurate. Also Read | Amazon Prime Day Sale 2025: How GenAI is quietly changing the way India shops With 4-day sale, shoppers take time Momentum Commerce believes Prime Day sales could still recover. If enough shoppers make purchases in the final days, total sales may rise 9.1% over last year's two-day event, according to Bloomberg. With around $7 billion in annual Amazon sales under management, the firm offers a wide view of consumer trends. Amazon expanded Prime Day to four days this year, aiming to give shoppers more time to browse millions of deals. But early results have been underwhelming, raising pressure for stronger performance in the final stretch. The extended format has shifted buying behaviour, said John Shea, Momentum's founder and CEO. Shoppers are browsing and adding to carts, but waiting to see if better deals appear. 'The prolonged event has encouraged shoppers to do more 'treasure hunting,'' Shea said. 'Shorter Prime Day sales generated more urgency because shoppers worried they'd miss the discounts,' he added. Still, he is hopeful: 'It all hinges on this four-day strategy being a success,' Shea said. 'Amazon sacrificed a lot on Day 1. It's a wildly unpredictable and uncertain year.' This year's Prime Day coincides with overlapping multiday promotions from Walmart and Target. 'The halo effect of Prime Day this year on other retailers is more significant,' Shea noted. Wall Street appears optimistic – Amazon shares rose 1.5%, mirroring gains by Microsoft and Alphabet. Gil Luria of D.A. Davidson & Co. said, 'They extended Prime Day from two days to four days, so it's unclear that there really is a dropoff in activity. We'll find out some when they report the quarter. But it's very hard to pin down how well Prime Day has gone.' Since the Trump-era trade war, Prime Day has become a key gauge of consumer confidence. With proposed tariffs of up to 145% on imports – later delayed for talks – many sellers hesitated to offer discounts or skipped the event altogether, Bloomberg previously reported. 'Prime Day extended because…' Amazon doubled the length of Prime Day after shoppers expressed a need for more time to browse deals, Prime chief Jamil Ghani told Bloomberg TV. He noted a strong interest in 'everyday essentials' like teeth-whitening strips, calling it Amazon's fastest-growing category. Ghani added the company was 'pleased by the engagement' but emphasised it's 'very early.' On the first day, shoppers focused on low-cost basics such as dish soap, protein shakes, and pantry items, rather than high-ticket electronics. According to Numerator, which tracked over 7,000 orders, nearly two-thirds of items purchased cost under $20, and only 3% were over $100. Top-selling products included Dawn dish soap, Premier protein shakes, and Finish dishwasher rinse aid. The average household spent $106, down from $110 last year, with the average item priced at $25.46, compared to $28 previously. 'Consumers appear to be purchasing a greater number of items at a lower price point this Prime Day,' Amanda Schoenbauer, analyst at Numerator was quoted as saying by Bloomberg. 'However, with this year's sale extended to four days, there is potential for Prime Day 2025 to break previous records.' Adobe reported that US shoppers spent $7.9 billion online across all retailers on Tuesday – a 9.9% increase from last year's Prime Day start – with total four-day spending projected to hit $23.8 billion. (With Bloomberg inputs)
Time of India
09-07-2025
- Business
- Time of India
Amazon Prime Day 2025 sales drop 41% on day 1 despite 4-day event – shoppers wait for better deals
Amazon made Prime Day 2025 four days long instead of two. They hoped shoppers would have more time to browse and buy. Momentum Commerce said sales on the first day were down 41% compared to the first day of Prime Day last year. This company handles sales for 50 brands like Crocs and Beats, as per the reports. People are browsing but not buying right away. CEO John Shea said shoppers are waiting to see if better deals show up later. Shorter Prime Days made people buy fast. With four days, there's less fear of missing out, so shoppers are chill. Sales might still go up Momentum thinks sales could still go up 9.1% overall. That is if more people buy stuff in the last two days. Momentum handles around $7 billion in yearly Amazon sales. So they have a pretty solid look at how things are going, according to the report by Bloomberg. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Put Bananas in Your Garden and Just Watch 101 Life Hacks John Shea said Amazon took a big risk. Extending the sale might pay off or totally flop Despite low sales on Day 1, Amazon stock went up 1.5%. Wall Street is still hopeful it'll pick up later. Gil Luria from D.A. Davidson said it's too early to judge, as per the reports. ALSO READ: Trump Sanctions UN Expert Francesca Albanese Over Gaza, Israel Criticism and ICC Support Live Events Amazon and experts don't agree Amazon didn't comment at first, but later said Momentum's numbers are wrong. They didn't explain how the numbers were wrong though. Prime Day is important for checking consumer moods. Since Trump's trade war, it has become a way to see how confident people feel about spending, as mentioned in the report by Bloomberg. Some sellers gave fewer discounts this year. They were unsure about pricing because of past import taxes and delays. Amazon says they made it four days because customers wanted more time. Prime VP Jamil Ghani said this in a Bloomberg interview. People bought small, everyday stuff Most shoppers bought cheap daily items on Day 1. Stuff like dish soap, protein shakes, and cleaning products were hot buys. Almost 2/3 of the items were under $20. Only 3% of products sold were over $100, as per the reports. Top-selling products: Dawn dish soap, Premier protein shakes, Finish rinse aid. These were the top sellers so far. Average spending per household was $106. That's a bit lower than last year's $110 on Day 1. Average price per item was $25.46, Down from $28 last year, showing people went for cheaper stuff, as stated in the report by Bloomberg ALSO READ: Trump praises Liberian President's English during White House meeting — Liberia's unique U.S. history explained Other stores also got more sales Numerator says shoppers are buying more things, but spending less per item. Analyst Amanda Schoenbauer said this trend might still break records if people keep buying. U.S. shoppers spent $7.9 billion online across all stores on Tuesday. That's up 9.9% from Prime Day 2024's first day, as per the reports. Total online sales during the four-day event might hit $23.8 billion. This includes other stores like Walmart and Target who also had sales. Other stores are getting a Prime Day boost too. Momentum's Shea said the event has a 'halo effect' on non-Amazon retailers this year, as mentioned in the report by Bloomberg. FAQs Q1. Why did Amazon Prime Day 2025 sales drop by 41% on Day 1? Sales dropped because shoppers are waiting longer to buy, hoping for better deals later in the 4-day sale. Q2. What are people buying the most on Prime Day 2025? Shoppers are mostly buying low-cost daily items like dish soap, protein shakes, and cleaning products.
Economic Times
09-07-2025
- Business
- Economic Times
Amazon Prime Day 2025 sales drop 41% on day 1 despite 4-day event – shoppers wait for better deals
Amazon's extended four-day Prime Day 2025 saw a 41% sales drop on day one, attributed to shoppers delaying purchases in anticipation of better deals. Despite this initial dip, overall sales are projected to increase, with other retailers also benefiting from a 'halo effect'. Shoppers are primarily purchasing inexpensive, everyday items, impacting average spending per household. Tired of too many ads? Remove Ads Sales might still go up Tired of too many ads? Remove Ads Amazon and experts don't agree People bought small, everyday stuff Other stores also got more sales FAQs Amazon made Prime Day 2025 four days long instead of two. They hoped shoppers would have more time to browse and buy. Momentum Commerce said sales on the first day were down 41% compared to the first day of Prime Day last year. This company handles sales for 50 brands like Crocs and Beats, as per the are browsing but not buying right away. CEO John Shea said shoppers are waiting to see if better deals show up later. Shorter Prime Days made people buy fast. With four days, there's less fear of missing out, so shoppers are thinks sales could still go up 9.1% overall. That is if more people buy stuff in the last two days. Momentum handles around $7 billion in yearly Amazon sales. So they have a pretty solid look at how things are going, according to the report by Shea said Amazon took a big risk. Extending the sale might pay off or totally flop Despite low sales on Day 1, Amazon stock went up 1.5%. Wall Street is still hopeful it'll pick up later. Gil Luria from D.A. Davidson said it's too early to judge, as per the didn't comment at first, but later said Momentum's numbers are wrong. They didn't explain how the numbers were wrong though. Prime Day is important for checking consumer moods. Since Trump's trade war, it has become a way to see how confident people feel about spending, as mentioned in the report by sellers gave fewer discounts this year. They were unsure about pricing because of past import taxes and delays. Amazon says they made it four days because customers wanted more time. Prime VP Jamil Ghani said this in a Bloomberg shoppers bought cheap daily items on Day 1. Stuff like dish soap, protein shakes, and cleaning products were hot buys. Almost 2/3 of the items were under $20. Only 3% of products sold were over $100, as per the products: Dawn dish soap, Premier protein shakes, Finish rinse aid. These were the top sellers so far. Average spending per household was $106. That's a bit lower than last year's $110 on Day 1. Average price per item was $25.46, Down from $28 last year, showing people went for cheaper stuff, as stated in the report by BloombergNumerator says shoppers are buying more things, but spending less per item. Analyst Amanda Schoenbauer said this trend might still break records if people keep buying. U.S. shoppers spent $7.9 billion online across all stores on Tuesday. That's up 9.9% from Prime Day 2024's first day, as per the online sales during the four-day event might hit $23.8 billion. This includes other stores like Walmart and Target who also had sales. Other stores are getting a Prime Day boost too. Momentum's Shea said the event has a 'halo effect' on non-Amazon retailers this year, as mentioned in the report by dropped because shoppers are waiting longer to buy, hoping for better deals later in the 4-day are mostly buying low-cost daily items like dish soap, protein shakes, and cleaning products.
