Key Takeaways From Second Day Of Amazon's Biggest Sales Extravaganza
Portfolio Pulse from Anusuya Lahiri
Amazon's U.S. online sales during the Prime Day shopping event increased by 6.1% to $12.7 billion from last year. The second day of the event saw sales of $6.3 billion, with increased sales of back-to-school items. The average order size rose to $54.05 from $52.26 last year. However, about 900 Amazon workers at a warehouse in Britain are striking over a pay dispute during the Prime Day shopping event.
July 14, 2023 | 11:38 am
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Amazon's Prime Day sales have increased, indicating strong consumer demand. However, the ongoing workers' strike in Britain could potentially impact operations.
The increase in Amazon's Prime Day sales indicates strong consumer demand, which is a positive sign for the company. However, the ongoing workers' strike in Britain could potentially disrupt operations, which could negatively impact the company's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100