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Online shoppers spent a whopping $14.2 billion during Amazon prime day

by Anochie Esther
July 20, 2024
in Business, Fashion, Gadgets, News, Stories
Reading Time: 3 mins read
0
Prime day

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Shoppers worldwide unleashed their buying power during Amazon’s yearly Prime Day extravaganza in 2024, propelling total spending to a record-breaking $14.2 billion over the two-day event. This staggering figure represents an impressive 11% rise compared to the previous year, according to data collected by Adobe Analytics.

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A Two-Day Shopping Frenzy

The enthusiasm for bargains wasn’t limited to just a single day. Both days of Prime Day witnessed a surge in online shopping activity, with U.S. consumers contributing a whopping $7 billion each day. While Adobe Analytics doesn’t directly track Amazon’s internal sales figures, their data analyzes online transactions and visits to retail websites across the United States, providing a strong indicator of the high demand for Prime Day deals.

Mobile Shopping Takes the Lead: Convenience Wins

An important trend that emerged during Prime Day 2024 was the dramatic rise in mobile shopping. Nearly half (49.2%) of all online purchases were made on smartphones and tablets, marking a substantial 18.6% increase compared to 2023. This shift highlights the growing importance of mobile devices for online shoppers. Convenience and ease of use are becoming increasingly important factors, allowing parrons to browse and buy products from anywhere at any time.

Amazon Celebrates Its Biggest Prime Day Ever: Millions Join the Shopping Party

Although Amazon refrained from disclosing their exact sales figures, they confirmed that Prime Day 2024 was their biggest event ever. Record-breaking sales and the highest number of items sold compared to previous years solidified this achievement. The weeks leading up to the event saw a significant boost in new Prime member sign-ups, further fueling the event’s success. For a monthly fee of $14.99 or an annual fee of $139, Amazon Prime offers a range of benefits that entice shoppers, including free same-day or two-day delivery, access to the Prime Video streaming service, and Prime Music.

Doug Herrington, the CEO of Amazon’s Worldwide Stores, expressed his sincere appreciation for the event’s remarkable success. He acknowledged the contributions of two key groups: the millions of Prime members worldwide who flocked to Amazon to take advantage of the deals, and the tireless efforts of Amazon’s employees, delivery partners, and sellers who made the entire operation run smoothly. Herrington attributed Prime Day’s achievement to this collaborative effort between all parties involved.

The top-selling categories during Prime Day were electronics, clothing, and furniture, collectively accounting for nearly half of all online spending. According to Vivek Pandya, lead analyst at Adobe Digital Insights, these categories experienced “low single-digit growth” in the first half of 2024. However, Prime Day’s attractive discounts significantly boosted sales during the event.
Here’s a closer look at some of the most sought-after items across various categories:
Back-to-School Supplies: Sales of backpacks, lunchboxes, and stationery skyrocketed by a staggering 216% compared to daily sales in June 2024. This significant increase indicates a strong demand for school and office supplies in preparation for the upcoming academic year.

Apparel: Children’s clothing purchases surged by 165%, while suit sales saw a remarkable 36% increase. Other clothing categories also witnessed growth, with outerwear sales up 19%, footwear up 17%, and accessories up 17%.Electronics: The electronics category experienced an overall sales increase of 61%. Popular items included tablets (up 117%), televisions (up 111%), headphones and Bluetooth speakers (up 105%), fitness trackers (up 88%), computers (up 80%), smartphones (up 71%), and cameras (up 60%).

Furniture and Appliances: Small kitchen appliances led the pack with a 76% surge in sales. Kitchenware and cookware sales rose by 25%, while mattresses witnessed a 21% increase. Home office furniture sales grew by 14%, and bedroom furniture sales by 11%.

Data from research firm Numerator sheds light on consumer spending habits during Prime Day 2024. The average order value landed at $57.97, indicating a focus on smaller, more practical purchases. This insight is further supported by the finding that over 60% of surveyed households placed multiple orders, with the average household spending reaching around $152.33.

The most famous items during Prime Day also reflect this trend. Topping the list were Amazon Fire TV Sticks, Premier Protein Shakes, Liquid I.V. Hydration Packets, Glad Trash Bags, and COSRX Snail Mucin Serum. This mix of entertainment devices, health and wellness products, household essentials, and beauty items highlights a shift towards “small indulgences and everyday essentials” compared to previous Prime Days, where big-ticket purchases might have been more prominent. Numerator’s data suggests a growing focus on value and practicality among Prime Day shoppers.

Tags: #biggest sale$14.2 billionAmazon Prime Day
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