The multibillion-dollar spend marks a 9.3 percent year-over-year increase that retail experts attribute to high inflation coupled with shoppers' purchasing of more discretionary, long-lasting products

Average household spending so far during Prime Day is down 16% from the same point last year, data from Numerator shows.

Amazon’s (NASDAQ:AMZN) 12th annual Prime Day is scheduled for next week, taking place between June 23-26, and keeping last year’s 96-hour struct...