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Amazon’s dominance proves the future of retail is online

Amazon’s dominance proves the future of retail is online
05 Nov 2020

Amazon’s Prime Day sales event propelled consumers to spend billions more online last week, kicking off an end-of-year shopping season that is expected to be dominated by e-commerce shopping. Overall spending on Amazon’s site increased by 36% in the U.S. during the two-day event compared with Prime Day last year, though that was lower than the 42% increase the company saw in 2019, according to the Wall Street Journal.

  • Worth Noting: Away from Amazon, online sales also grew significantly, rising 76% in the U.S. last Tuesday compared with the first day of Prime Day in 2019.
  • By the numbers: More than half of consumers say they are primarily shopping online for the holidays, more than double last year, according to a survey of more than 2,000 shoppers. [WSJ]

Source: Daily Beat

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