|
Getting your Trinity Audio player ready...
|
đ Seattle, July 9, 2025 â Amazonâs Prime Day kicked off with a record-breaking $7.9 billion in online sales on July 8, marking a 10% year-over-year increase and the largest single e-commerce day of 2025, according to Adobe Analytics. The four-day event, running through July 11, is projected to generate $23.8 billion in total U.S. online sales across retailersâequivalent to two Black Fridays.
đ± Mobile Shopping Dominates Smartphones are expected to account for 52.5% of total online sales, or $12.5 billion, up from 49.2% in 2024. Analysts attribute this shift to growing consumer preference for impulse purchases via mobile devices, reflecting a broader behavioral change in digital commerce.
đ Prime Day as an Economic Indicator Now in its tenth year, Prime Day has evolved into a high-frequency economic barometer, offering real-time insights into consumer sentiment and spending patterns. In previous years, Prime Day sales growth has mirrored holiday season trendsâsuch as in 2020, when Prime Dayâs 42.8% growth aligned with a 38.1% holiday season increase, per eMarketer data.
Consumer spending, which drives over two-thirds of U.S. GDP, makes events like Prime Day critical for gauging macroeconomic health. Despite concerns over tariffs and inflation, high-frequency dataâincluding retail sales and card transactionsâsuggests a limited impact on consumer behavior, according to U.S. Bank Asset Management Groupâs Bill Merz.
đ Economic Backdrop and Pricing Trends The event unfolds amid declining consumer confidence, with sentiment falling 32% in May, driven by tariff-related anxieties. Nevertheless, retailers have maintained aggressive discounting, with markdowns ranging from 10â24%:
- Apparel: 24% off (vs. 20% in 2024)
- Electronics: 22% off
Consumers are also trading up to premium products, with high-ticket item purchases rising 18% year-to-date, and expensive electronics up 52%, signaling resilience in discretionary spending.
