U.S. online sales during Amazon.com Inc's Prime Day shopping event jumped 8.5 per cent from last year to nearly $12 billion, as inflation-hit Americans pounced on discounted essentials and electronics, showed data from Adobe's Digital Economy Index.
Shoppers have been hit hard by decades high-inflation in recent months, which retailers including Walmart Inc and Target Corp said has led to restrained purchases of discretionary products. "Consumers took advantage of discounts that were offered, after having experienced many months of heightened prices, online," Adobe Vice President Pat Brown said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sri Lankan president flees to Maldives, protesters demand prime minister's ousterCOLOMBO — Sri Lankan president Gotabaya Rajapaksa fled the country on Wednesday (July 13), hours before he was due to step down after a people's uprising over a devastating economic crisis ended his family's grip on the island nation.
Source: TODAYonline - 🏆 1. / 99 Read more »
Deputy Prime Minister Lawrence Wong to attend G20 meetings in BaliSINGAPORE: Deputy Prime Minister Lawrence Wong will attend the Third Finance Ministers and Central Bank Governors G20 meetings from Jul 14 to Jul 16 in Bali. The meetings will cover topics such as the state of the global economy, pandemic preparedness, prevention and response, as well as the development of
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Amazon offers concessions to end EU antitrust investigationBRUSSELS : Amazon has offered to refrain from using sellers' data for its own retail business and made other concessions to end an antitrust investigation, EU regulators said on Thursday.The U.S. online retail giant also offered to treat sellers equally when ranking their offers for the 'buy box' on its w
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
The most coveted endorsement in race to be next British prime minister? Margaret Thatcher
Source: STForeignDesk - 🏆 4. / 71 Read more »
Fukushima operator ex-bosses ordered to pay US$95 billion: ReportsTOKYO: A Tokyo court on Wednesday (Jul 13) ordered former executives from the operator of the Fukushima nuclear plant involved in the 2011 disaster to pay around 13 trillion yen (US$94.8 billion) in damages, local media said. Four ex-bosses of Tokyo Electric Power Company (Tepco) were ordered to pay the da
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Top Glove Billionaire: Lim Wee Chai's wealth tumbles after 89% stock crashThe net worth of Top Glove’s founder has dropped to US$1 billion as the company reported a 99% plunge in profit and put expansion plans on hold.
Source: YahooSG - 🏆 3. / 71 Read more »