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Amazon Prime Day 2023 – Bigger Than Ever

Maria Gregoriou
Maria Gregoriou
21 July 2023

There are sale periods and then there are sale periods! Black Friday and Cyber Monday have cemented themselves as giants of bargain culture, but lately it seems they have both been standing in the shadow of Amazon’s Prime Day.

The company that carries everything from A to Z with a smile, and brings products right to your doorstep, started its Prime Day sale in 2015 to celebrate its birthday and since then, the volume of sales has been on the up and up.

Read on to see how Amazon has put some life into the slow summer purchasing period and get the ceiling-smashing sale numbers for 2023. 

2023 Amazon’s Prime Day Results

This year Amazon (AMZN) showed retail-shattering records for online shopping overall and Amazon as a whole!  

The technology and e-commerce giant broke its own records with consumers spending $12.7 billion over the two sale days from July 11-12. This is a 6.1% jump from a year ago, according to Adobe Analytics, and it is also a record for online shopping overall.  

As numbers speak louder than words, let’s put some down so we can get a better perspective of just how many products Amazon managed to shift from its shelves over the two-day shopping spree this year.

Total number of items sold: 375 million items

Total rise in items sold from last year: 75 million items 

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Amazon’s Personal Touch

This year Amazon made shopping even more personal and cost efficient with the following new features:

  • Over 40 personalized deal features, including personalized suggestions within “Recommended deals for you,” “Top deals for you,” and “Customers’ Most-Loved”  
  • Inspirational browse-based shopping with “Inspire” and “Shop by Interest”
  • Cost-saving features: “Keep shopping for,” “Buy Again,” and “Lists”

Tracker - Break Down of Items Sold/Top Shoppers

CAPEX.com traders and investors, as well as many others, were so keen to see the final numbers that Numerator published a Live Prime Day Tracker throughout the event. Now we are waiting for Numerator to release the final report, but so far these are the statistics we have at hand.

Top Items Sold

1. Temptations Cat Treats

2.  Amazon Fire TV Stick

3. Liquid I.V. Packets

4.  Echo Dot 5

5.  Blink Outdoor Camera

Top Categories

1. Home Goods – 28%

2.  Household Essentials – 26%

3.  Apparel & Shoes – 24%

4.  Consumer Electronics – 21%

Top Shoppers

  • Suburban Females aged 35-44
  • Income over $80K 

amazon 2.png

Who shopped on Prime Day 2023? Numerator.

More Bargain Hunting with Walmart, Target, Best Buy and Kohl’s Corp

This may have been Amazon’s “biggest ever” Prime Day and the first 24 hours may have marked the “single largest sales day in company history,” according to the retail giant itself, but the numbers don’t necessarily match the high expectations.

Adobe expected Amazon’s total US online sales to be up 9.5% year over year to $13.1 billion over the whole event. For 2022, US consumers spent more than $11.9 billion on Amazon during the sale event.  

Amazon perhaps did not hit the high mark because competition was fierce. Names like Walmart, Target, and Kohl’s Corp ran their own sale events. These big US names offered bargains in their stores and online, while Amazon mainly focused on online sales and only targets its Prime subscribers.

Did Smashing Results Sway AMZN Upwards?

After the hustle and bustle of July 11 and 12, Amazon’s stock enjoyed a rise on Thursday, July 13 and peaked at around $133. 

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Amazon (AMZN) hourly chart for June 30 - July 17. CAPEX.com WebTrader 

Amazon’s Prime Day History

Amazon began Prime Day on July 15, 2015, to celebrate its dedicated Prime members on its 20th birthday. There is more to it than that. The company wanted to gain more loyal customers and also add some hype to the normally slow summer buying period.

Ever since then Amazon has made Prime Day a tradition, new and existing shoppers count down the days until they can benefit from this special sale in July.

The first time this global shopping event hit the internet, Amazon’s goal was to ‘offer a volume of deals greater than Black Friday, exclusively for Prime members.’

A look at what has changed in terms of item sales, the time frame in which the sale takes place, the number of countries that can take part in the event, and the new achievement Amazon adds to its Prime Day event every year can be seen below.  

PRIME DAY 

Items Sold 

Sale Time Frame 

Number of Countries 

Highlights of the sale 

201534.4 M + 24 HRS9It was the largest device sales day ever 
2016Sales surpassed the first by 60% worldwide 24 HRS10Small businesses and sellers on Amazon offering deals to Prime members saw orders nearly triple, year-over-year. 
201750% higher than the previous year 30 HRS13Echo Dot was the most popular Prime member purchase. 
2018100M + 36 HRS17For the first time, U.S. Prime members celebrated Prime Day with a week of savings at Whole Foods Market
2019175 M + 48 HRS19Over the two days of Prime Day, sales surpassed the previous Black Friday and Cyber Monday combined. 
20203.5 B+ 48 HRS19The dates of the big sale were shifted to October 13-14 due to the pandemic. In India it was held in August. 
 
2021250 M+ 48 HRS20Amazon Music promotions drove more sign-ups for Amazon Music Unlimited globally than on any other Prime Day.
2022300M+ 48 HRS20+Amazon Live Prime Day streams had more than 100 million views. 
2023375M+ 48 HRS20+Amazon said July 11 was the single largest sales day in the company’s history. 

Amazon blog ‘The history of Prime Day: Celebrating 9 years of Amazon’s biggest deal event.

How to get in on the action of Amazon and other Retail Powerhouses

Follow the steps below or check out the article in our Academy section, How to buy Amazon shares (NASDAQ:AMZN)? to make Amazon a part of your portfolio.

1. Log in to your CAPEX account.

2. Be sure your account is already funded with our flexible payment options.

3. At the top right you can see the type of account you are in.  

4. Go to the search icon at the top left of your WebTrader and enter Amazon or the name of another company we provide trading on.

5. Select the instrument.

6. Enter the amount you wish and select the asset of your choice.

7. That’s it! If your transaction was successful, you will be notified.

Summary

  • Amazon Prime Day 2023 saw a jump in sales of 6.1% from last year
  • Consumers spent $12.7 billion over the two-day sale period
  • Amazon added new features to make shopping even more personal and cost efficient
  • Home goods sold the most
  • Top shoppers were Suburban females, aged 35-44
  • Walmart, Target, Best Buy and Kohl’s Corp also offered bargains around the same time
  • Amazon Prime Day started on July 15, 2015, to celebrate its Prime members on its 20th birthday
  • Learn to get in on the action with CAPEX.com   
     

 

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Maria Gregoriou
Maria Gregoriou
Financial Writer

Maria Gregoriou writes marketing content to excite traders and for CAPEX.com. Maria has over 25 years of experience in professional writing, from technical writing to journalism and marketing, both in-house and on a freelance basis. On the personal side, she writes poetry and short stories for children. Over the past five years, Maria has been working in the financial sector where she has been creating marketing copy, editing content, and preparing material to go live. She was also given the chance to mentor other writers along the way.