{"id":5052,"date":"2023-07-14T05:59:47","date_gmt":"2023-07-14T05:59:47","guid":{"rendered":"https:\/\/mysourcefunding.com\/leadership\/amazon-sells-375-million-items-on-prime-day-posts-biggest-day-in-company-history\/"},"modified":"2023-07-14T05:59:49","modified_gmt":"2023-07-14T05:59:49","slug":"amazon-sells-375-million-items-on-prime-day-posts-biggest-day-in-company-history","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=5052","title":{"rendered":"Amazon Sells 375 Million Items On Prime Day\u2014Posts Biggest Day In Company History"},"content":{"rendered":"<div>\n<h2 class=\"topline-heading\">Topline<\/h2>\n<p>The first day of Prime Day was the biggest day of sales in company history, Amazon announced on Thursday, helping to boost shares to their highest level in close to 10 months.<\/p>\n<h2>Key Facts<\/h2>\n<div class=\"key-facts\">\n<div class=\"key-facts-element\">\n<p>Throughout the two-day shopping event, customers purchased more than 375 million items and saved $2.5 billion with their prime deals during the event, according to Amazon\u2019s press release.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>Prime day, which debuted in 2015, featured sales on items from all of their departments with home, fashion and beauty among the top categories.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>Independent Amazon sellers sold more than Amazon\u2019s retail products, the company said.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>There were more deals on small business products, such as Caraway, True Classic, and TUSHY, than any previous year, and according to Adobe Analytics, customers spent $6.4 billion on the first day of the event alone.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad>\n <\/div>\n<div class=\"key-facts-element\">\n<p>Other major retailers such as Best Buy, Kohl\u2019s, Target and Walmart had sales on the same day to compete with Amazon\u2019s prices.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>Amazon shares rose more than 2% to about $134 by 2:30 p.m. ET, adding to gains that have pushed the stock to its highest level in more than 10 months; total sales this year are expected to go up by 6.1% to $12.7 billion, according to Reuters.<\/p>\n<\/p><\/div>\n<\/div>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Key Background<\/h2>\n<p>Despite lingering fears of a potential recession, consumer spending has been largely resilient, with retail sales in May unexpectedly rising 0.3%. The June Consumer Price Index clocked in at 3%\u2014above the Federal Reserve&#8217;s long-time target of 2% but much lower than 9% one year earlier. Nevertheless, wages have not risen to match. Real average hourly earnings increased 1.2% on a seasonally adjusted basis last month. Amazon\u2019s increase in sales could indicate that consumers are willing to buy more now that inflation is easing.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Tangent<\/h2>\n<p>During the Prime day sale, the National Labor Relations Board filed a complaint against Amazon for refusing to bargain with its Staten Island warehouse workers after Amazon attempted to overturn the results of a unionization vote. Meanwhile in the U.K., 900 Amazon warehouse workers went on strike on Prime Day to protest low wages.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/saraheccleston\/2023\/07\/13\/amazon-sells-375-million-items-on-prime-day-posts-biggest-day-in-company-history\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Topline The first day of Prime Day was the biggest day of sales in company history, Amazon announced on Thursday, helping to boost shares to their highest level in close to 10 months. Key Facts Throughout the two-day shopping event, customers purchased more than 375 million items and saved $2.5 billion with their prime deals [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[76],"tags":[],"class_list":{"0":"post-5052","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-leadership"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amazon Sells 375 Million Items On Prime Day\u2014Posts Biggest Day In Company History | Brandiary<\/title>\n<meta name=\"description\" content=\"Topline The first day of Prime Day was the biggest day of sales in company history, Amazon announced on Thursday, helping to boost shares to their highest\" \/>\n<meta name=\"robots\" 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