“I doubt that Prime Day can make retail any more promotional than it already has managed to become. But it does continue to move sales around—as well as change the nature of the promotions driving sales. The sales are moving toward Amazon and away from everybody else—as well as away from other times of the year” said Economist Frank Badillo, director of the MacroSavvy Resource Network.
This is an excerpt from Women’s Wear Daily. The full article is found here.