(June 24): Online spending across all retailers in the US hit US$8.3 billion on the first day of Amazon.com Inc’s annual Prime Day sale, according to Adobe Inc, beating the firm’s earlier estimate of US$7.9 billion.
Adobe, which tracks visits to retail websites, expects total online spending to reach US$26.3 billion over the four-day event, up 9% from last year’s promotion that was held in July.
Competitors such as Walmart Inc and Target Corp scheduled overlapping promotions, boosting traffic and shopping across the web. The closely watched event offers clues about the health of consumers and their willingness to spend.
Shoppers snatched up deals on electronics, appliances, tools and home & garden products on the first day, according to Adobe. Everyday essentials were also strong sellers, the firm said.
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