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3 Key Takeaways From Amazon Prime Day

TheMotleyFool

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Another Amazon (NASDAQ: AMZN) Prime Day is in the books. It was a unique year for the event, which had to be held back until October due to overwhelming demand in the early days of the pandemic.

Amazon touted the annual two-day shopping holiday as another record setter, though the company did not provide specific numbers on its overall performance. But market research firm Edison Trends reported that sales on Amazon were up 36% for the first 30 hours of the event, showing similar revenue gains to what Amazon posted in the second quarter this year.

As always, Prime Day helps shed light on some key trends within Amazon and the broader retail industry -- here are three things we learned from Prime Day 2020.

Source Fool.com

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