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June 12, 2023

Prospective Amazon Prime Day Shoppers Have Eyes on Home Products

A survey by Skai, a platform supporting online marketing and branding, indicates consumers will be spending a considerable amount of money on Amazon during its annual Prime Day event, and household goods are the second biggest item of interest among prospective shoppers.

In the survey, which engaged 1,000 consumers who were familiar with Prime Day, Consumers are ready to spend on the occasion, which has occurred across two days in recent years, despite some ongoing concern about inflation and cost of living. In the survey, 70% of consumers said they are definitely or most likely to shop Prime Day this year, and 77% of respondents said they are going to spend the same or more money this year during Prime Day than they did in 2022. However, 52% said they expect the cost of living to have some effect on their spending during Prime Day this year.

Consumer electronics is the category that’s tops in terms of consumer buying intention, with household goods number two, fashion and apparel number three, beauty and personal care number four, pets number five, and toys and games number six. If those priorities hold up in actual purchasing, the results might be some indication that consumer spending priorities are shifting as the year goes on and that consumer electronics and home goods may be gaining traction as the second half of the year approaches.

As for precedents, 91% of consumers said they had shopped Amazon Prime Day in the past. Then, looking forward, 85% said they would like two Prime Day events a year. Bargain hunting is a priority, as 61% of consumers surveyed said that price is extremely important in their purchasing decisions.

When it comes to Prime Day preparation, 61% of consumers said they started researching a month before the event, or when they assume the event will happen, given Amazon’s reluctance to provide the date until close to the actual event. Then, 63% of respondents said they would be happy to wait until Prime Day to make a purchase decision even if a product was on sale in the weeks leading up to the occasion.

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