Amazon’s longest Prime Day ever managed to break records once again despite major technical glitches dogging the first few hours of the sales event. This year marked the third year in a row the online giant had surpassed all previous sales figures, including its Black Friday and Cyber Monday events. Although Amazon doesn’t disclose sales figures for its Prime Day events, it was adamant that its initial technical glitches didn’t severely impact its overall results.
The fourth annual summer holiday indicates private label and devices will be central to Amazon's Black Friday strategy.
Shopping patterns are mirroring Black Friday, with parents holding out for the best prices before opening their wallets.
Amazon Prime Day is set to be bigger than ever this year, stretching to a record 36 hours including over one million deals across the globe. Starting at 12pm on July 16, the online retailer’s increasingly lucrative event will run until midnight on July 17, stretching six hours longer than last year. Alongside an extended sales period, Amazon is also promising 40 per cent more spotlight deals in the UK this year, including for the first time a range of Prime Day Launches where brands will offer exclusive items and deals for a limited time for UK Prime customers.
Currys PC World has issued an apology to customers after it was found to be charging additional non-advertised fees on its laptops. Consumer watchdog Which
Footwear retailer Schuh’s chief executive Colin Temple has brushed aside fears it could be sold off by its US owner Genesco following increasing pressure from investors. The American group Genesco which bought Schuh in 2011 for £100 million, has come under pressure from activist group Legion Partners to offload the business. In a letter send to Genesco last week, Legion Partners said it was “unacceptable” to continue operating with a “disparate set of assets with such a poor record of value creation”
Retailers suffered a lacklustre January sales period this year as footfall dropped 6.6 per cent following an “exceptionally tough” 2017. According to new data from market research company Ipsos, the effects of heavy discounting on Black Friday extended through early January, shifting sales away from the traditionally solid trading period. This reportedly marks the ninth consecutive month of falling footfall volumes, and is likely to have encouraged the swathe of job cuts announced in the beginning of the year.
In more signs that the Christmas sales rush is increasingly weighted on Black Friday, the latter has now overtaken Boxing Day in online retail search volumes.
The evidence is mounting that the 2017 holiday season, and particularly Black Friday, was a major tipping point for mobile shopping.
Online retail sales growth slowed to an average of 12.1 per cent year-on-year over the course of 2017, almost two percentage points below the forecast of 14 per cent. According to the latest IMRG Capgemini e-Retail Sales Index, 2017’s figures is also a sharp drop to 2016’s 15.9 per cent average growth.