Prime Day Loses Its Spark As Sales Nosedive 41% (pymnts.com) 145
Amazon's Prime Day sales plunged 41% on the first day compared to last year's kickoff, with experts attributing the drop to shoppers delaying purchases in anticipation of better deals during the extended four-day event. From a report: Momentum Commerce reported that figure for Tuesday (July 8), with Momentum's Founder and CEO John Shea saying that the sales numbers for this year's longer event could still surpass those of last year's shorter one, Bloomberg reported Wednesday (July 9). Shea attributed the drop in first-day sales to consumers putting items in their shopping carts but holding off on completing the purchase in case better deals come along, according to the report. Last year's shorter event encouraged shoppers to head to checkout to ensure they wouldn't miss out on the discounts, Shea said, per the report. Amazon Prime Vice President Jamil Ghani remains optimistic, telling Bloomberg Television the company was "pleased by the engagement" with shoppers during the event and that it is "very early." He said the company extended the duration of Prime Day because shoppers wanted more time to discover the deals.
According to numbers provided by Adobe, Prime Day's kickoff surpassed Thanksgiving 2024's $6.1 billion in eCommerce spend. The software company also found that 50.2% of sales came through a mobile device and that buy now, pay later orders for Amazon's Prime Day were up 13.6% year over year.
According to numbers provided by Adobe, Prime Day's kickoff surpassed Thanksgiving 2024's $6.1 billion in eCommerce spend. The software company also found that 50.2% of sales came through a mobile device and that buy now, pay later orders for Amazon's Prime Day were up 13.6% year over year.
The economy is struggling (Score:3, Insightful)
Oh, sure, there's the crypto scam and the AI apocalypse, but normal people are struggling. The government is cutting jobs left and right. School PhD programs and research have been gutted. What for?
For stupid and beyond!
Re:The economy is struggling (Score:5, Informative)
The government has excess staff. Bill Clinton cut 400,000 employees back in the day. Perhaps we bloated back up and need another such slimming down?
Al Gore ran the Reinventing Government program. Yes, they cut more than 400,000 jobs, but it took the better part of two terms to complete it. Nothing like what President Asshole & his minions have done with just taking an axe & cutting people, offering expensive buyouts to the most experienced workers. Planet Money has a great episode on this called The last time we shrank the federal workforce [npr.org].
Re:The economy is struggling (Score:5, Insightful)
Re:The economy is struggling (Score:5, Informative)
The government has excess staff. Bill Clinton cut 400,000 employees back in the day. Perhaps we bloated back up and need another such slimming down?
Al Gore ran the Reinventing Government program. Yes, they cut more than 400,000 jobs, but it took the better part of two terms to complete it. Nothing like what President Asshole & his minions have done with just taking an axe & cutting people, offering expensive buyouts to the most experienced workers.
Planet Money has a great episode on this called The last time we shrank the federal workforce [npr.org].
I was assured just six months ago by Very Smart People that our economy was never hurting, thank you, and that the previous administration did a gangbusters job, and all the crying about eggs was for "nothing". And now you're telling me that cutting the federal workforce by a small amount was enough tank that robust economy?
I mean, its simply couldn't be that not only the US, but the whole first world's economy is starting to show the cracks from too much debt [unctad.org] (both government and personal), high COVID prices that never came down [marketplace.org], and a labor participation rate that's been steadily dropping since the Dot Bomb in 2000-2001 [stlouisfed.org], especially for men. It simply couldn't be that all of your seemingly prosperous neighbors with new cars and big houses have been living an illusion financed by maxed-out credit card accounts and 84 month car notes at high interest rates, and now that AI automation has arrived, all those middle-level office jobs that paid those credit card bills are about to be replaced by glorified scripts?
Re:The economy is struggling (Score:4, Insightful)
"Wow, eggs sure are expensive. Let's put a guy who bankrupted five casinos in charge," isn't the masterful stratagem Fox News told you it was.
I wouldn't know. I don't watch Fox News. Or CNN or MSNBC for that matter. But by all means, keep being an arrogant ass and implying that your opponents are mindless rubes that take marching orders from a TV screen. It's worked out so well for you, after all.
Re:The economy is struggling (Score:5, Insightful)
The government has excess staff.
Wrong. Virtually no government agency's staffing levels have kept pace with population growth. Total federal government employees per capita now is half of what it was in the 60's 70's and 80's. Folks on the far left say we should defund the police? Guess what.. we already did.
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That is a absolutely pointless metric. The vast majority of Government employees spend most of the time doing some kind of record keeping, or record evaluating activity.
Obviously the exposition of digital technology should have dramatically reduced the number of people needed on a per capita basis vs eras 60-70s where even putting a dumb terminal on the desks of most public servants would have prohibitively expensive.
The 80s would be the start of when you could start to make some rational comparisons but e
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Digitizing so you can serve a digitized population is not going to reduce the headcount you need. Business and citizens are doing more, requiring more services, regulation, and plain old police work. That's without even taking into consideration people's increased expectations about what level of service they should get from their government, constantly comparing it to private sector levels of service.
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What are you the rep for some federal employees union or something?
Sure there is some increase in activity due to low fricition. It strains credibility to believe however the expanded support hours required are not more than offset by things that can happen as purely electronic transactions that formerly required someone to answer and phone or open an letter, and go hunt thru some file drawers, and then respond.
"requiring more services" - nope that is a purely a policy choice. It isn't as if we were a fail
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What are you the rep for some federal employees union or something?
Na, I'm just a guy who thinks we should fund the projects our reps signed into law, and that law enforcement is especially underfunded. I'm not talking about increased activity due to low friction. I'm talking about increased activity due to increased productivity in the private sector.
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That is a absolutely pointless metric. The vast majority of Government employees spend most of the time doing some kind of record keeping, or record evaluating activity.
Obviously the exposition of digital technology should have dramatically reduced the number of people needed on a per capita basis vs eras 60-70s where even putting a dumb terminal on the desks of most public servants would have prohibitively expensive.
The 80s would be the start of when you could start to make some rational comparisons but even in the 80s the process of digitizing a lot of operations was only just starting.
I've been making the argument for years now that the kind of computerized automation that's coming will be an asteroid-kills-the-dinosaurs level of change in the white collar workforce. I was told from many quarters here at Slashdot that I was wrong, and that all I had to do was look at how past increases in technology always ended up with higher employment levels eventually. And my reply to that argument is still the same: all those previous improvements created jobs because they made workers more producti
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if you work with your hands in a task that takes skill and training, then you're fine. AI is never going to turn a wrench, weld a pipe in the ocean, or unclog your toilet
What about when AI designs a toilet that doesn't need unclogging, or pipes that require less maintenance in the ocean...? We should all be able to work fewer hours per week and have a better standard of living, but unfortunately it seems AI is a tool being designed to increase the wealth of the already rich and throw everyone else out onto the street.
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What about when AI designs a toilet that doesn't need unclogging, or pipes that require less maintenance in the ocean...?
You can definitely design high end toilets and better pipes. You can buy a "smart toilet" now, but for between $8 and $12k, the vast majority of people are going to stick with good ole' simple shitters that rely on Isaac Newton. But you're still never going to not need someone to work on them physically from time to time. High and Low end.
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Wrong. Virtually no government agency's staffing levels have kept pace with population growth. Total federal government employees per capita now is half of what it was in the 60's 70's and 80's.
I wonder if there is anything that has been going on for the last half century or so that could explain why employees could be more efficient and you might have less of them for the same task, even in the face of having more customers. Some sort of revolution, maybe of the computer sort?
On second thought, nah, that wouldn't make any sense.
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Look, there is some amount of truth in what Trump is saying. Bureaucracy has expanded an insane amount since I was a child and the services have become slower. If there wasn't any truth to what he was saying, he would not have been able to do what he has done.
Unfortunately, everything he has done is for his own benefit in the service of others who want Absolute Power.
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Look, there is some amount of truth in what Trump is saying. Bureaucracy has expanded an insane amount since I was a child and the services have become slower. If there wasn't any truth to what he was saying, he would not have been able to do what he has done.
Lets be clear. Trump only cares about the bureaucracy designed to prevent him from doing anything he wants. He does not really care about bureaucracy in general. For his purposes every government agency has too many people even those that are understaffed especially those that are responsible for keeping his power in check.
Re: The economy is struggling (Score:2)
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Re: The economy is struggling (Score:2)
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Bill Clinton cut 400,000 employees
Bill Clinton left office with a budget surplus, not a $3 trillion+ bill for his grandchildren. And key services, particularly those for the poor, continued to function.
Re: It’s called a Recession. (Score:3)
Tell us again how you don't know what a recession is...
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Tell us again how you don't know what a recession is...
Tell me again how “society” always patiently waits for it to fit perfectly inside your tiny definition of one.
Economists can prevent a Recession about as well as a teenager armed with girl math can prevent financial ruin. But by all means wait until profiteering liars tell you when to start worrying. I’m certain those defining recessions are looking out for YOUR best interests, right? /s
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Tell us again how you don't know what a recession is...
Tell me again how “society” always patiently waits for it to fit perfectly inside your tiny definition of one.
Economists can prevent a Recession about as well as a teenager armed with girl math can prevent financial ruin. But by all means wait until profiteering liars tell you when to start worrying. I’m certain those defining recessions are looking out for YOUR best interests, right? /s
Only one thing I know for certain.
Slashdot is now AI articles, and people turning g every discussion to be about Orange Jesus, and how the US won't exist soon because Republicans.
It isn't even clever now - it's how a story about prime day is Trump's fault.
Y'all are forgetting the saturation of "They are cleaning out the fireplugs by flushing water through them, Trump is trying to kill people by making a water shortage.
And making themselves look even worse by some celebrating the dead child
4 day prime 'day' (Score:4, Funny)
They should just double the length of this 'day' every time, just to keep growth numbers in. Can't wait for the decade long prime day.
And here I was thinking days were getting shorter [usatoday.com].
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Do they even have Prime Day in Oz?
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The truth is I don't know, but since it's a corporate promotion and not a holiday then sales like that stopping at the border would be more about if a country elects to outlaw it or something.
Or maybe we just donâ(TM)t care? (Score:5, Interesting)
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Canadians are keeping our money at home. Shop local. And why is one online companyâ(TM)s big sale news anyway? Maybe we just have all the crap we need and spending money like this just because thereâ(TM)s a sale is an out of date trend. Save money for rent and groceries. And get rid of that twit running your country thatâ(TM)s messing up your economy and pissing off your neighbours at the same time.
And yet, there you are, buying products of that country, and using it to post spittle to Slashdot.
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And you think a bit of criticism and voting with their wallets is an overreaction?
I'll tell you why, (Score:2)
Comments like his were provoked, amply. Our President started talking about taking over their country to make it a state, [fraserinstitute.org] and slapping them with senseless tariffs when we have been great trading partners. Why?
Trump has an irrational obsession with trade deficits. He simply can't comprehend why a country with 40 million people doesn't buy the same amount of stuff as a country with 340 million people. And even though Canadians on average spend over 7 times as much per capita on US goods compared to what Americans spend on Canadian goods, he insists that Canada is "ripping us off".
My wife and I have an ongoing argument over whether Trump is an evil genius who is just taking advantage of a gullible base, or an actu
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Canadians are keeping our money at home. Shop local.
95% of good sold at Amazon are made in Asia. Good luck substituting these, as not even US could do it.
Re:Or maybe we just donâ(TM)t care? (Score:5, Insightful)
Canadian here. I do appreciate all the pro-Canada stuff at home now, which is a drastic change from a couple years ago where the media was literally telling us not to fly Canadian flags on Canada Day because it made some communities (obviously indigenous peoples) feel uncomfortable, and just because people in the trucker protests were flying it. We should *never* have given up the flag as a symbol of unity, and it's good to see it back.
But it's important to realize that Canadians are very much alone in the way we're handling the US and their off-the-rails ruler. The rest of the world is just more used to dealing with crazy leaders, and they don't give the US a fraction of the headspace that Canadians do.
I've spent years working all over the US as an automation professional, so I got to meet lots of Americans. What Canadians don't realize is that Americans think about Canada about as much as Canadians think about Mexico, which is to say, almost never. I've met people in Port Huron (a border town in Michigan) who've never been to Canada, and have never even considered going to Canada. But then again I've met people in Detroit who've never been to Chicago, or one man who'd never left Texas.
But the idea that Canadians' boycott of US products and travel is having any more than a tiny impact mostly on border communities and a couple vacation destinations is naive.
To an American, they have so much more occupying their headspace right now, that most Americans are completely unaware of anything related to Canada, and they just don't care. Their media is extremely polarized. Both media sides are telling their viewers that it's the end of the world.
The crazy thing is that the average American, and even the average Canadian, have pretty similar, centrist, and reasonable views about all of this. The majority favor stopping people from just walking over the border. They think that a person who overstays their visa should leave. They're ok with a managed level of immigration every year. They don't like the idea of breaking up a family that's been living here for 20 years either.
It's the political parties and media organizations who are out of touch with the silent majority. The sides have become so polarized that neither side represents the majority centrist opinion that I outlined above. That means people feel like they need to vote for open/permeable borders, or crazy crackdowns. Between the two, and after years of feeling like nobody did anything about the problem, I can see why they voted for someone who promised to take action. But that doesn't mean that *this* is what they wanted. They just really didn't want the *other* thing even more.
I feel sorry for them, honestly. At least I can say that in the last election in Canada, that the polarization seemed to fade away. The left wing party ran a guy who's literally a banker, and many on the left are accusing of being conservative. But this is just because all centrists are now viewed as far-right by the left, and far-left by the right. And that's what people are sick of.
Back to your point. Yes, Trump pissed off Canadians. It just doesn't matter. Since 1990 we've been living in an increasingly globalized world, where everyone drastically reduced military spending and should have meant more money to spend on making everyone's lives better, and for the developing world that was true, but for everyone living in western democracies all we got was more and more inequality as the increasing wealth only went to the top few percent. That world is now over. The Russian invasion of Ukraine shattered that reality. Military expenditures are doubling again, and Canada, after starving its military for the past many decades, is poorly situated to participate in this new world, and the US knows it. That's why, in the last Canadian election, both big political parties had the same military policy for Canada: drastic increase in spending, particularly in arctic infrastructure and defense. And this is exactly what the US wants... the allies have to spend more on defense, and that's exactly what they're getting. That's what'll have an impact. Boycotts won't move the needle.
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Now military policy matters too, because that's how you stay independent. If Canada refused to give anything to the
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the kind of stuff a US President should be dealing with
It's the kind of stuff CONGRESS should be dealing with.
The president has no legal authority to set tariffs like Trump is doing, but IOKIFYAR.
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Annual US/Canada trade volume: $916 billion
https://en.wikipedia.org/wiki/... [wikipedia.org]
Total anticipated cost of Keystone XL, one part of a pipeline system that is moving oil right now: $1.5 billion.
https://en.wikipedia.org/wiki/... [wikipedia.org]
This is stupid take, even for you.
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Did your education include the concept of psychological projection?
Psychological projection is something for people who know or care about a topic. No one gave a flying fuck about Keystone XL and hadn't the slightest clue how it even impacted Canada / USA, much less let the project in any way influence their lives what so ever.
Did your education not include the word "cancelation".
No it most definitely did not. If yours did then I really suggest you sue your English teacher. I let that one slide the first time, but seriously man if you're going to use the "education" line like I did then it helps to spell words in a way that m
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Did your education not include the word "cancelation". Canceling a permitted and agreed upon deal can hurt trade.
No, it can't in this case, because the deal wasn't for trade between our nations. Keystone XL was for the purpose of making it cheaper for Canada to sell oil overseas, not to the USA. Did your education not include actually examining the deal you're talking about? This pipeline existed solely to allow rich people to get richer at the expense of environmental impact. Pipelines always leak because we never make use of the extremely well-known technology we have for preventing it, namely double walled pipes. I
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Did your education not include the word "cancelation".
Did you fail temporal mechanics at the Academy?
Prime isn't what it used to be... (Score:5, Insightful)
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Same in the UK. Very few genuine deals, and if you wait a month or two the same items are usually cheaper anyway.
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In Germany too.
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Similar thing here. AliExpress always has a sale to compete with Prime Day and it's usually decent. Not quite as good as Singles Day in November, but not bad.
I've been waiting for them to get those sub-£100 Ecowitt weather stations back in, like they did last November.
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I finally threw away my Ecowitt weather station and bought a Tempest. The ecowitt units were just too buggy; Tempest just works and can be fully local for integration into Home Assistant.
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Thanks for the tip. Is your Tempest an ultrasonic wind sensor?
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Yes, and boy does it do a better job. Rain accuracy is a little more complicated with the pizeo sensor, but plenty accurate for my needs. (It isn't as good in very light and very heavy rain apparently, and liquid sunshine is the rain du jour here.)
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Thanks. They aren't cheap here unfortunately. Maybe you get what you pay for.
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Re: Prime isn't what it used to be... (Score:2)
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Plus the store is often cheaper than Amazon. Literally half of Amazon's items are third party sellers that buy shit elsewhere and mark it up. Sure Amazon is convenient but it's not saving me any money.
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Literally half of Amazon's items are third party sellers that buy shit elsewhere and mark it up.
And they're not even buying in bulk! I look at aliexpress all the time, and occasionally alibaba. If they would buy even 50-100 of many items from alibaba, they would be able to sell them at the same price as aliexpress. They are just individuals and cannot afford to stock in quantity, which explains their prices... and shitty service.
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https://www.customs.go.jp/engl... [customs.go.jp]
https://www.customs.go.jp/engl... [customs.go.jp] (from 2020)
https://ec.europa.eu/taxation_... [europa.eu]
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Nice (Score:5, Funny)
That's tariffic news!
No good deals... (Score:4, Insightful)
False Economy (Score:3)
It's become common knowledge that Amazon ramp up the prices a week or so before any event like this (Prime Day, Black Friday, Cyber Monday, etc.) and then they "generously" offer you "discounts". It's all a scam scheme, designed to make you part with more of your money, to encourage you to go on a spending spree while not actually getting any benefit.
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It's become common knowledge that Amazon ramp up the prices a week or so before any event like this (Prime Day, Black Friday, Cyber Monday, etc.) and then they "generously" offer you "discounts". It's all a scam scheme, designed to make you part with more of your money, to encourage you to go on a spending spree while not actually getting any benefit.
I wouldn't know, I didn't bother checking Prime's deals this year because I'm in a "don't buy stupid shit" phase now. I'm only recently starting to recover from the damage he did to my job by creating supply-chain chaos. I'll put it this way- I'm a BIG Nintendo fan but I have no real hope of getting a Switch 2 this year.
Big surprise (Score:5, Interesting)
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And the majority of content on "sale" is Chinese OEM garbage.
Oh, cmon now. You say that as if you barely recognize a single fly-by-night brand name anymore.
Don’t you remember playing with all those toys from XXzzizz industries when you were a kid? And who could forget the Froxfftjjd fridge? Those SixZzrUs lawn darts were the real pokey ones..
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Don’t you remember playing with all those toys from XXzzizz industries when you were a kid? And who could forget the Froxfftjjd fridge? Those SixZzrUs lawn darts were the real pokey ones..
Hahaha someone please mod this funny!
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I gave up buying on sales years ago. I buy when I need to buy something. I never consider the sale price in that decision. I buy the best thing my budget allows to meet the need the moment of the need.
This has drastically cut my spending. Who cares if I paid $400 more for a TV if it's the best TV I can buy and I need to replace a failed TV. Why would I buy a TV simply becuase it was on sale?
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More crap (Score:3)
I just didn't really need any more crap. I looked, but nothing was really compelling enough for me to hit "buy."
A big part of that is squarely on Amazon's shoulders, becoming a broker for knock-off stuff of indeterminant quality. We bought a lot of stuff last year, some of which was useful and others that ended up being a bigger pain than they were worth. I was actually needing some "retail therapy" as well, so I am a pretty easy mark right now.
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I was in the same boat as you this morning after I read this headline, but after spending an hour on there I think all I bought was a kindle book that was on sale for $2.99.
Enshittification of Amazon (Score:4, Insightful)
Re: Enshittification of Amazon (Score:2, Flamebait)
I still go to eBay if I want something used.
Otherwise I go straight to AliExpress as they have the same trash sold on Amazon, but for less.
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What kind of classic car parts if I may ask?
I find ebay almost impossible to use for that. Generally speaking anything OEM by the manufacturer is in far far worse condition than represented or have starting prices something like 10X what they'll go for at the Owners club swap meet if you wait for summer, or catch a classified listing in the club mag.
As example, you'll see things like steering wheel assemblies that look great on the outside but an ebay seller won't tell you the plastic switches inside for t
Flamebait (Score:2)
I've noticed that lately I get modded down by people solely because I'm criticizing a business.
This can only be because they have stock in it.
Allowing anonymous moderation when scores are capped and not everyone gets points enables abuse, and there's no other reason to do it.
This of course is not the fault of the new owners. Slashdot moderation was always broken by design. Like US Government, the design depends on most of the actors being benevolent. Look at how well that works.
According to Adobe? (Score:2)
"According to numbers provided by Adobe, Prime Day's kickoff surpassed Thanksgiving 2024's $6.1 billion in eCommerce spend.
Adobe sells software on Amazon? $6.1B ?
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So now I'm wondering why Amazon doesn't have the wherewithal to collect and analyze their own sales figures?
and is using Abobe products to do that?
it's a bit offtopic, but still curious.
It's because the deals often aren't deals. (Score:3)
I have spend only $100 or so (Score:2)
I have spent only a $100 or so and only on things I would have bought later in the month anyway. Most were discounted 5% or less. Mostly ordered now because well it is "slightly cheaper" and hell I have app open.
Even last year it seems like there were some actual deals. This year it seems like they are just pushing crap they sell on Haul/Woot to the top of the algorithm in the main Amazon store, at no real discount over what it goes for on the bargain branded sites the other 348 days of the year.
prime day is always bullshit (Score:2)
Install the camelcamelcamel extension in Firefox and get price history graphs in Amazon pages which will show you exactly how. They raise the prices gradually leading up to prime day and then give you a "discount" that is often not the lowest price for the year.
But we gots the Big Beautiful Bill (Score:3)
I saw it written elsewhere best: Art Laffer should go down in history as the penultimate economic terrorist. No other single person has enabled a larger wealth transfer than he did with his napkin doodle to falsely justify gutting the social safety net to give billions to the top 2%.
This is good (Score:3)
Re:This is good (Score:4, Insightful)
Meanwhile, Indy Booksellers– (Score:2)
are offering their own sales and shipping deals as part of Anti-Prime Days
https://www.publishersweekly.c... [publishersweekly.com]
No longer special deals (Score:2)
Fake discounts (Score:4, Insightful)
Prime Day is a PoS (Score:2)
Bummer, I was hoping for better. (Score:2)
As in, I was hoping people would boycott during Prime Day. I know I am. I've kinda come to the point where I barely buy anything through Amazon unless I can't find it anywhere else. Who needs these giant corporations sucking up more of the economy? What good does it actually do those of us living our lives out here in the real world?
Even with a gift card balance, nothing worth buyin (Score:2)
I just got a $200 Amazon card for my work anniversary last month and was looking forward to finding some deals. I didn't buy a single thing :(
Don't buy from Amazon (Score:2)
I'd rather support a small business than Amazon! I don't need to help pay for another multi-million dollar wedding for Jeff!
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Depends (Score:2)
The deals on electronics aren't great. I'd imagine tariffs have something to do with that. Most seem like they're doing the jack the price up then reduce it scam. 1TB Samsung SSDs for $75, which is about what they normally go for not on sale. Junk like that.
There are good deals on movies, though. Scored UHD Jurassic Park and The Maltese Falcon for $10 each. The way I calculate it, if I rent it twice for $4 a pop, buying it has just about paid for itself. Also, a nice four-movie Alfred Hitchcock UHD box set
I donâ(TM)t need more junk in my life (Score:2)
I follow deal sites in my RSS feed. I pay for Amazon Prime. If something I needed had got my attention in Prime Day Iâ(TM)d have purchased it but for the most part itâ(TM)s just more clutter that I donâ(TM)t need.
millions (Score:2)
But prime day had millions and billions of "deals." Who has time to find all these "deals"? I did get 2 deals yesterday. Why? Because I forgot it was prime day, and bought some things I was going to buy anyway, and it turned out there was a prime day "deal" on them. Woo-hoo!
It was just like Black Friday 2024 (Score:2)
There were no deals.
I spent my money elsewhere (Score:2)
I'd rather buy from makers than from drop shippers.
Deals? What deals? (Score:2)
I really haven't seen much that I would call a deal. Plus now that I'm "winning" so much, I seem to have a lot less disposable income.
Amazon keeps flagging my orders as suspicious (Score:2)
I think they assigned a lot of back end stuff to an "AI".
Boycotts? (Score:2)
No mention that a lot of people are trying to boycott Amazon, given Bezos' support for the demented would-be dictator.