Amazon.com IncAmazon Prime Day drove record online sales, indicating strong consumer demand for Amazon's event.
Shares of online fashion retailer Revolve jumped 7% in afternoon trading after Adobe reported that Amazon Prime Day drove $8.3 billion in U.S. online sales, marking the biggest shopping day of the year so far. Online sales rose 5.3% year-over-year, surpassing Adobe's initial estimates and exceeding the previous year's Thanksgiving sales of $6.4 billion. The data signals resilient consumer spending during promotional events despite economic concerns, while a drop in the 10-year yield below 4.5% provided additional valuation support for the sector. Revolve's stock remains down 23.5% year-to-date and trades 28.1% below its 52-week high of $31.45 from December 2025.
Amazon.com IncAmazon Prime Day drove record online sales, indicating strong consumer demand for Amazon's event.
Adobe Systems Incorporated
Revolve Group LLCRevolve's stock jumped 7% after Amazon Prime Day drove record online sales, signaling resilient consumer spending in online fashion retail.
Shopify Inc