Day one of Amazon Prime Day on Monday resulted in record sales, with online sales jumping 8.7% to $5.6 billion according to early data compiled by Adobe Analytics.
With Walmart, Target and others also offering special discounts this week to combat Amazon, retailers that earn more than $1 billion in revenue annually saw a 28% jump in sales on Monday compared to a year ago. Even smaller retailers saw a 22% increase in sales on Monday, CNBC reported.
The fact that other retailers are benefiting is...
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