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Forbes
27 days

Prime Day Is Boosting Amazon's Competition

1. Amazon's Prime Day generated over $750 million in U.S. sales. 2. E-commerce spending surged to $24.1 billion, marking a 30.3% increase. 3. Competitors like Walmart and Target are effectively leveraging retail foot traffic. 4. Amazon struggles to dominate brick-and-mortar despite its online success. 5. Retail loyalty battleground sees increased competition against Amazon.

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FAQ

Why Bearish?

Amazon's inability to reclaim retail dominance indicates weakening market position.

How important is it?

The article highlights significant competitive threats to Amazon's market strategy.

Why Long Term?

Competitive trends could affect Amazon's market share for years, similar to past retail disruptions.

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