U.S. online sales during Amazon.com’s Prime Day shopping event rose 6.1% to $12.7 billion from last year, as inflation-hit Americans hunted for more bargains and discounts on the e-commerce platform, Adobe Analytics data on Thursday showed.
Shoppers spent $6.3 billion on the second day of the shopping extravaganza. Deep discounts on products such as toys and appliances drew in customers who have otherwise cut their non-essential purchases due to rising rentals, mortgage rates and food prices.
Adobe data had on Wednesday showed that U.S. online sales during the first day of Prime Day jumped nearly 6% to $6.4 billion from a year ago.
Source : Reuters
As the postwar international order fragments and universal agreement becomes increasingly elusive, policymakers face a…
Occupational licensing has attracted growing attention in advanced economies, yet little has been known about…
The dollar's role as the world's reserve currency has been blamed for an overvalued exchange…
Oil price shocks do not simply make conflict more likely everywhere; they change where violence…
There is growing evidence that place-based industrial policies lead to positive economic effects. This column…
Christian Mumssen, the fund's new director of strategy, cited a rapid succession of major shocks…