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Amazon innovation on display for Prime Day
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We’re halfway through Prime Day, which concludes at the end of July 13. Along with lots of deals, day one was a chance to get a look at how Amazon is transforming the shopping experience. Its recently-released features for voice, livestreaming and embedding Prime in sites beyond Amazon.com are all on display.
Prime Day’s famed halo effect is a bit more subtle this year. For off-Amazon retailers, the focus of discounts is more on moving excess inventory that was overbought amid supply chain struggles, and doesn’t match with the post-lockdown period. Still, a boost for all is expected this week, given the deal-seeking behavior now programmed into American life around this time. – Modern Retail
CVS has a new leader overseeing data, digital and tech, while Hostess promotes its first chief sustainability officer. Plus, Victoria’s Secret is bringing on a former Amazon Prime exec in a big management shakeup, and Instacart promoted a group of C-level leaders. Check out the latest hiring news around ecommerce.
With the latest inflation data for the overall economy set to be released this morning, Adobe Analytics offered a look at the price picture for ecommerce in June on Tuesday. Drops in apparel and electronics helped power a modest .3% year-over-year increase in the Digital Price Index, but a 12% jump in grocery shows that it’s still a time of spikes.
Package and grocery delivery vans are set to go electric through Walmart’s deal with another Bentonville, Arkansas-based company. With Canoo’s vehicles expected to be on the road by 2023, Walmart plans to use the Dallas Fort Worth area as a testing ground. –TechCrunch
Tweet of the Day 🐦
Retail Sales
@BankofAmerica card data “suggest there’s a risk real consumer spending declined for second consecutive month”
@Barclays credit-card data suggest retail sales dropped 0.4%. Slowdown has “led us to question if sharper slowdown in consumer spending around the corner”
— Danielle DiMartino Booth (@DiMartinoBooth)
4:07 PM • Jul 11, 2022