US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says


Small toy shopping cart is seen in front of displayed Amazon logo in this illustration taken, July 30, 2021. REUTERS/Dado Ruvic/Illustration

June 24 (Reuters) - Online ⁠spending among shoppers on the first day ⁠of Amazon's Prime Day rose 5.3% from ‌a year earlier to $8.3 billion across U.S. retailers, Adobe Analytics said on Wednesday.

The four-day shopping event, which started on ​Tuesday and is being held ⁠earlier than usual this ⁠year, will be a litmus test of U.S. ⁠shoppers' ‌spending power as the focus shifts to essential goods.

Here are some key details:

• ⁠Online spending on Tuesday is tracking ahead ​of its ‌projections and marks the biggest e-commerce day ⁠so far ​in 2026, Adobe said.

• The data firm reaffirmed its forecast of U.S. retailers driving $26.3 billion in ⁠online spend through the event.

• Adobe ​said sales were driven by categories such as electronics and appliances, tools and home improvement, but purchases ⁠of everyday essentials also ticked up.

• Discounts are expected to remain in the 10% to 24% band seen on the first day, Adobe said.

• ​Adobe's forecast is based on ⁠an analysis of 1 trillion visits to U.S. ​retail e-commerce sites, covering 100 ‌million stock keeping units ​and 18 product categories.

(Reporting by Neil J Kanatt in Bengaluru; Editing by Joyjeet Das)

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