• Bloomberg reports that “shoppers spent $4.2 billion during Amazon.com Inc.’s Prime Day sale, up 33 percent from a year ago, according to estimates from Wedbush Securities Inc. analyst Michael Pachter … Pachter’s estimate tops a pre-event prediction of $3.4 billion from Coresight Research, and reinforces early projections that Amazon overcame technical glitches that thwarted some shoppers at the start of the sale.”
Amazon has not released specific sales numbers, but has said that “it shipped more than 100 million products and that small and mid-sized businesses sold over $1 billion worth of goods in the first 24 hours.”
• Meanwhile, CNBC reports that “there were other winners on Prime Day this year besides Amazon,” with Target saying that Tuesday was its "highest single day of traffic and sales" online this year.
Amazon has not released specific sales numbers, but has said that “it shipped more than 100 million products and that small and mid-sized businesses sold over $1 billion worth of goods in the first 24 hours.”
• Meanwhile, CNBC reports that “there were other winners on Prime Day this year besides Amazon,” with Target saying that Tuesday was its "highest single day of traffic and sales" online this year.
- KC's View:
