Amazon Prime Day spending down 10% to 15%. Consumer sentiment still in the gutter. Bezos sells $665.9M in stock.
Initial sales data from Amazon Prime Day is flashing a warning light. Early spending figures show a decline between 10% and 15% compared to last year’s event. This comes despite an expanded promotional window and aggressive markdowns across nearly every product category. Adobe’s projected $23.8 billion sales forecast now looks optimistic. What was meant to …