Global News and Digital
Insights for the Food and Grocery Industry

Entire Retail sector to benefit from The Amazon Prime Day Halo Effect

Online shoppers are waiting to shop till they drop as Amazon Prime Day is just around the corner. As per a report by Adobe, the halo-effect formed by the two-day long virtual shopping spree will lift sales for the entire retail sector. In 2020, at $10.4 billion, the Prime Day online shopping spending exceeded the level of Black Friday ($9 billion) and went close to Cyber Monday’s level of $10.9 billion. Amazon has successfully shaped the consumer mindset to shop in bulk. A survey conducted by Adobe revealed 58% of consumers plan to shop on Amazon Day.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

GroceryGeniuses

All Posts

GroceryGeniuses

Curated News and Digital
Insights for the Food and Grocery Industry

HealthGeniuses
IndustryGeniuses
MetaGeniuses
FashionGeniuses
ConsumerGeniuses

GroceryGeniuses

The global food and grocery retail industry is expected to surpass $17T by 2027, expanding at an annual rate of 5%. During this time, digitisation is set to transform the entire food value chain from farm to fork. Our weekly newsletter covers innovations and disruptions in food and grocery industry.

GroceryGeniuses is managed by IndustryGeniuses (A place where industries meet innovation). We are rolling out content platforms for the world’s hottest industries such as Food & Grocery Retail, Consumer Goods and Healthcare. For each of these key industries, we support industry leaders as they roll out next generation digital initiatives.

IndustryGeniuses team brings practical domain knowledge of working with 300+ tech startups and brands over the past decade.

© 2024 IndustryGeniuses Ltd. All Rights Reserved.