
Tuesday, July 12th is poised to become the Black Friday of ecommerce this summer. What started as a day for Amazon mega deals — designed to celebrate the anniversary of its Prime service and promote membership — is morphing into an ecommerce-wide phenomenon.
According to shopper data from the HookLogic Exchange, last year on Prime Day, traffic on ecommerce sites outside of Amazon.com nearly doubled, peaking with a 2.5-times spike at 7 a.m. EST. Conversions increased 16% on average and then peaked at 11 p.m. with a 59% increase over the prior week. Consumers began shopping early in the day and completed their purchases into the late evening.
Why was Prime Day big across the board? What Amazon does will always have an impact on the market — especially with all the press coverage and social buzz it generates. But that press coverage also revealed another side of the story: Consumers were disappointed with the deals Amazon offered. While shoppers were ready to spend, many brought their dollars elsewhere because the sale products were not that appealing and the ones that were good ran out of stock immediately. Fortune monitored the Twittersphere and reported comments such as “Amazon’s garage day sale” to “One huge troll by Amazon”.
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