Amazon Prime Day Pushes Shoppers Online
Amazon’s annual Prime Day is coming on Monday next week (7/16), and it’s slated to be yet another massive, global phenomenon. Pretty impressive for new holiday.
Since Foursquare uniquely has a pulse on how people move through the world and how these data points emerge as behavioral patterns, we decided to take a look at how people shopped in the weeks around Prime Day last year. The results? Pretty eye-popping. While more than 90% of shopping still happens in the real world, the week of Prime Day 2017 was the lowest foot-traffic week for retail stores for the entire summer.
We found some more interesting patterns when we separated out the week of Prime Day and after, and made a distinction between major retail categories.
As compared to an average summer week (excluding July 4th week), we found that all major retail categories saw a dip in foot traffic around Prime Day, with some recovery seen the week following (July 17 to the 23rd).
We’ll be watching to see how Prime Day affects shopping in 2018, but if we were to hypothesize, we’d guess that Amazon continues to be successful at driving shoppers online. Deep discounts and convenience seem to beat out brand loyalty and experiential shopping—and thus, Prime Day does the job.
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