What We Learned from Prime Day: Apply to Your Holiday Strategy
Amazon’s 30 hour sale has ended, and while the online retailer doesn’t release sales data, it did release a statement saying yesterday was its biggest shopping event in its history, even bigger than 2016 Black Friday and Cyber Monday results.
By noon yesterday, third-party sellers sold 50% more items than in the same time frame in 2016.
Internet Retailer forecasts stated that U.S. shoppers would spend $1.56 billion at Amazon on Prime Day 2017, up 20% from the estimated sales total for Prime Day 2016 ($1.3 billion).
It’s no doubt the event was huge for Amazon. But they weren’t the only retailers getting in on the fun.
Many retailers, like Walmart, Forever21, Bloomingdale’s and Macy’s, competed with their own sales. Walmart promoted free two-day shipping right and featured smart home products on its homepage. With Amazon selling three times as many Echo-family devices yesterday as it did in 2016, Walmart’s approach was directly aimed at Prime Day shoppers.
Forever 21 and Macy’s took a different approach with “Black Friday in July” promotions:
And Bloomingdale’s offered a 25% off online only discount on top of discounted items:
5:00 ET:
7:00 ET:
9:00 ET:
The items included in each two-hour sale block differed. It’s a really creative way to keep customers engaged and shopping all day – and a tactic you can implement for your Black Friday or Cyber Monday deals.
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