Reported about 10 hours ago
During the period from July 8 to 11, U.S. online spending surged by $24.1 billion, exceeding forecasts, as consumers took advantage of significant discounts during major sales events like Amazon Prime Day, described as 'Black Friday in Summer.' Retailers experienced a 30.3% growth in online sales, with mobile transactions accounting for 53.2% of sales. The event became a key moment for back-to-school shopping, with discounts ranging from 11% to 24% across various categories.
Source: YAHOO