NEW YORK, June 23 ― Amazon.com Inc's Prime Day saw strong online sales growth in the United States on Monday even as supply chain snafus and a robust spending appetite limited the level of discounts on popular products like electronics.
On Monday, larger retailers saw online sales rise 28 per cent this year. In 2018, sales increased 54 per cent and jumped 64 per cent in 2019, according to Adobe’s figures. Indeed, a Reuters review of a basket of products sold on Amazon in different markets showed electronics like the JBL GO 2 Speaker discounted just 6 per cent on Amazon's US website, compared to between 20 per cent -32 per cent in Germany, Italy, Spain and France.
“ are squeezing small- to medium-sized Amazon sellers, who don’t have enough capital to offer the really big savings,” Kurt Trauth, senior vice president of customer experience strategy and analytics at Stratifyd said.
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