Adobe Analytics data revealed that strong deals across U.S. retailers on the first day of Amazon Prime Day prompted shoppers to trade up and purchase higher-ticket items.
Amazon's (NASDAQ: AMZN) Prime Day, a retail extravaganza generating billions in sales, can be traced back to a pivotal pitch made to Jeff Bezos, the company's founder, by a single executive.
Major retailers are rolling out massive summer savings events this week with Amazon Prime Day, Walmart Deals and Target Circle Week leading the charge.
Amazon’s four-day Prime Day event is expected to drive online spending across U.S. retailers to $23.8 billion, up 28.4%, according to data by Adobe Analytics.
Large-cap stocks are known for their staying power and ability to weather market storms better than smaller competitors.
However, their sheer size makes it more challenging to maintain high growth rates as they’ve already captured significant portions of their markets.
Stay informed about the performance of the S&P500 index one hour before the close of the markets on Tuesday. Uncover the top gainers and losers in today's session for valuable insights.
Bank of America analyst maintains Buy rating on Amazon with $248 price forecast, noting 11th Prime Day event to have extended 4-day window with AI savings tools and estimated $21.4B in GMV.
