Consumers may quibble about how good Amazon Prime Day deals are, but there's no denying that Prime Day has become a major retail event. In 2017 it was Amazon's second biggest sales day surpassed only by Cyber Monday 2017. It's projected to bring in $2.5 billion in the U.S., according to Internet Retailer.
"It is poised to become one of the top e-commerce shopping days of the year--potentially rivaling Black Friday and Cyber Monday in popularity," said a spokesperson at RetailMeNot.
So how good are the deals?
Overall, sale prices aren't that much different than prices the two months prior and after Prime Day. Market Watch found that Prime Day prices were only 0.8 percent lower than the preceding 50 day average and 0.3 percent higher than the 50 day average following Prime Day. Still, 76 percent of 2017's Prime Day prices were better than Black Friday's, with 5.8 percent being ties, according to BestBlackFriday.com.
What categories may have the best bargains?
Experts say Amazon's own products and private labels will be good deals, including Echo, Kindle readers, Fire tablets, AmazonBasics, Rivet furniture and Stone & Beam furniture, Also check prices on Mama Bear diapers and baby items and Smart Home products that use Alexa (light switches, smart lights and thermostats. Last year members received 33 percent discounts on packaged goods such as toiletries and cleaning products by asking Alexa, the Amazon smart speaker, for deals
Dealnews.com and RetailMeNot.com expect the best deals will be toys (Lego, Fingerlings, Crayola), TVs, fitness trackers and video games (Xbox, Oculus, Nintendo),
Deal hunters should look beyond Amazon for in store and online deals going on this weekend through Wednesday, especially at promo-driven retailers such as Best Buy, Target, Walmart, J.C. Penney, Kohl's, Macy's, Office Depot, Sears and eBay, Earlier this morning Best Buy went live with deals such as a Samsung 4K 49" TV model UN49MU8000FXZA for $499, regularly $899. Amazon's price on Monday morning is $897. Best Buy also has a Microsoft 13.5" surface laptop model D9P-00001 for $699, regularly $999. Amazon's price this morning is $684.50.
What kind of products are less likely to get deep discounts? Experts say products from Apple and Google. Amazon's tech competitors, are less likely to benefit from discounts as well as food and beverages purchased online, not in Whole Foods,
The sale starts at 2 p.m. CT Monday, July 16 and runs thru Tuesday, July 17. If you're not an Amazon Prime member, you can still get the deals by signing up for a free 30 day trial membership. at www.amazon.com/prime.
Consumer experts recommend making a list of things you want to buy and checking prices in advance of Prime Day to find the best value.