Retailers recorded online sales growth of 30.3% during events that included Amazon Prime Day, Adobe said on Saturday, compared with its projections of 28.4%.
Online retail sales in the U.S. rose 11% to $14.2 billion a year ago.
This is a huge jump. More than doubled! I guess people have also bought as much as essentials as they can considering the inflation might hit hard later this year.
According to Adobe, overall discounts across U.S. retailers were between 11% and 24%, compared with the prior forecast range of 10% to 24%.
Apparel had the biggest deals at 24%, compared with 20% last year, while electronics were at 23%, similar to last year.
I don't look too much into such 'Discount Sales' but today I did. Amazon is running the Prime Days here as well. I was surprised to see that the prices for Iphones have dropped around 20% which almost had me buy one for nearly $1200. But then I was reminded and warned that an iPhone for you will trigger an iPhone movement in the house! Everyone will be asking for one and ultimately I'll have to buy at least 2 more, one for my wife and one for my brother.
These sales are enticing but can't overturn the economics of a Bitcoiner. I ended up buying a million Sats instead.