Anabelle Colaco
16 Jul 2025, 06:20 GMT+10
WASHINGTON, D.C.: U.S. shoppers rushed to cash in on early back-to-school bargains this past week, driving a massive US$24.1 billion in online spending from July 8 to 11 — a surge that exceeded industry forecasts and cemented July as a new retail high point.
The shopping period, often referred to as "Black Friday in Summer," featured major deal events, including Amazon Prime Day and other promotions across large retailers. According to Adobe Analytics, online sales grew by 30.3 percent, outpacing its original projection of 28.4 percent.
In comparison, online retail sales during the same stretch last year totalled $14.2 billion, an 11 percent annual increase.
"Prime Day has now clearly become a ‘back-to-school' shopping moment," Adobe said, with consumers eager to snap up essentials early — and at steep discounts.
Multiple major retailers extended their sales events and widened discount categories, luring shoppers to spend on higher-ticket items they might otherwise avoid. Amazon, for instance, doubled its usual 48-hour Prime Day window to 96 hours, offering aggressive markdowns on everything from electronics to clothing.
Adobe said discounts across U.S. retailers ranged from 11 percent to 24 percent, slightly higher than previous forecasts. Apparel saw the steepest cuts at 24 percent, up from 20 percent last year, while electronics held steady at 23 percent.
Mobile devices accounted for 53.2 percent of online purchases, surpassing Adobe's forecast of 52.5 percent. This indicates growing consumer comfort with shopping on the go.
The surge comes amid economic uncertainty, with rising trade tensions and tariff deadlines under the Trump administration pushing both consumers and businesses to act early on significant purchases.
Get a daily dose of Africa Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Africa Leader.
More InformationLOS ANGELES, United States: A multinational crew of astronauts, including the first space travelers from India, Poland, and Hungary...
MADRID, Spain: Spain has reported a dramatic increase in heat-related deaths over the past two months, with 1,180 fatalities attributed...
WASHINGTON, D.C.: The Justice Department and FBI are grappling with increasing political backlash after they decided to withhold additional...
MANCHESTER, U.K.: Britain's King Charles will host U.S. President Donald Trump in September for what will be an unprecedented second...
BEIJING, China: Australian Prime Minister Anthony Albanese started a weeklong visit to China over the weekend. The visit aims to revitalize...
WASHINGTON, D.C.: A federal appeals court in Washington, D.C., ruled on July 11 to cancel a plea deal that would have let Khalid Sheikh...
WASHINGTON, D.C.: Inflation in the U.S. accelerated in June, signaling that the effects of President Donald Trump's sweeping tariffs...
MUMBAI, India: On July 15, Tesla officially launched the Model Y in India, pricing it at around 6 million rupees (approximately US$70,000)...
MENLO PARK, California: Meta CEO Mark Zuckerberg has unveiled plans to spend hundreds of billions of dollars building a network of...
WASHINGTON, D.C.: The U.S. Department of Defense has awarded major AI contracts to leading American firms, including OpenAI, Google,...
DUBLIN, Ireland: TikTok has secured permission from the High Court to challenge a 530 million-euro fine imposed by Ireland's Data Protection...
BRUSSELS, Belgium: The European Union has delayed retaliatory tariffs on American goods in a final push to reach a trade agreement...