- June 23, 2021
- Posted by: Stratford Team
- Category: Business
Amplify ETFs CEO Christian Magoon discusses how COVID has impacted shopping habits, Amazon and other retailers.
Online spending in the U.S. hit a one-day record high for the year on Monday, driven by the first of Amazon’s two-day Prime Day sale events, according to the Adobe Digital Economy Index.
Ticker Security Last Change Change %AMZN AMAZON.COM, INC. 3,505.44 +51.48 +1.49%
The commerce platform reported that total online sales surpassed $5.6 billion on June 21, making it the biggest day for online spending to date for 2021. But Amazon was not the only online retailer raking in the dough, as other firms offered deals to compete with the e-tailing giant.
AMAZON TO TOP WALMART AS BIGGEST US RETAILER
Walmart, Target, Best Buy and other retailers offered deals that overlapped with the 48-hour Prime Day event.
Ticker Security Last Change Change %WMT WALMART, INC. 137.03 +0.63 +0.46%TGT TARGET CORP. 237.21 +3.44 +1.47%BBY BEST BUY CO., INC….