Amazon Prime Day has come and gone for another year and a number of ASX stocks benefited from it.

Amazon Prime Day is exclusive to Amazon Prime members, but those members number over 80 per cent of USA households. And the event typically leads to a rise in ecommerce spending at other outlets with many competitors also offering deals.

TechRadar reported overnight that 250 million items were purchased across 20 countries – a record since the inaugural event in 2015. Analysts at Abobe Digital Economy Index estimate approximately US$11 billion was spent over the 48 hours.

So far not many stocks have revealed how well they performed. But one was Harris Technology (ASX:HT8) which yesterday revealed to shareholders it made $429,963 in sales, which was 32 per cent higher than last year’s result.

CEO Garrison Huang said it was a solid result that was a direct consequence of Amazon’s gradual expansion in Australia.

“As the leading tech seller on the Amazon Australia marketplace, we have seen strong demand for IT and home office products which accelerated further through Prime Day,” he said.

“Online marketplaces continue to grow as the convenient alternative to shopping centres, so we look forward to further growth alongside Amazon Australia which is emerging as one of the national destinations of choice for online shipping.”

 

Here’s how ASX retail companies performed in the week of Amazon Prime day…

Code Company Price %Wk %Yr MktCap
TTA TTA Holdings Ltd 0.036 71 300 $ 4,947,242.76
INP Incentiapay Ltd 0.023 15 -26 $ 20,832,806.16
HT8 Harris Technology Gl 0.12 9 275 $ 35,735,457.72
KGN Kogan.Com Ltd 11.695 8 -25 $ 1,225,457,974.50
TGA Thorn Group Limited 0.22 7 229 $ 75,936,202.43
RBL Redbubble Limited 3.41 8 117 $ 949,462,173.81
CTT Cettire 2.25 7 $ 850,161,230.60
DW8 Digital Wine Venture 0.079 7 316 $ 133,467,584.72
LOV Lovisa Holdings Ltd 14.89 6 125 $ 1,578,582,199.74
TPW Temple & Webster Ltd 10.56 5 81 $ 1,237,051,570.56
FUN Funtastic Limited 0.105 5 425 $ 84,597,800.60
APE Eagers Automotive 16.03 4 126 $ 4,049,265,750.56
JYC Joyce Corporation 2.6 4 126 $ 73,260,938.40
EZZ EZZ Life Science 0.47 3 $ 5,700,000.00
MYR Myer Holdings Ltd 0.335 3 46 $ 271,022,008.95
WEB Webjet Limited 5.11 3 38 $ 1,923,718,890.68
ABY Adore Beauty 4.55 2 $ 428,266,461.35
MOZ Mosaic Brands Ltd 0.665 2 -20 $ 62,830,904.50
MTO Motorcycle Hldg 2.85 2 50 $ 177,098,257.70
NTD National Tyre&Wheel 1.07 2 182 $ 122,866,977.73
JBH JB Hi-Fi Limited 48.45 2 16 $ 5,538,527,364.12
NCK Nick Scali Limited 10.79 2 59 $ 864,270,000.00
MYD Mydeal.Com.Au 0.595 1 $ 150,119,837.48
BKG Booktopia Group 2.64 1 $ 348,892,619.46
CCX City Chic Collective 5.14 1 67 $ 1,157,035,984.28
HVN Harvey Norman 5.125 0 42 $ 6,429,394,334.64
JAT Jatcorp Limited 0.021 0 -46 $ 34,691,111.11
BEX Bikeexchange Ltd 0.25 0 $ 33,044,074.08
BGP Briscoe Group 4.05 0 35 $ 901,353,015.00
MHJ Michael Hill Int 0.83 0 124 $ 322,157,983.67
TRA Turners Automotive 2.85 0 42 $ 243,801,106.80
SRY Story-I Limited 0.024 0 71 $ 9,033,716.57
DLC Delecta Limited 0.006 0 -14 $ 6,051,727.23
WES Wesfarmers Limited 57.41 0 31 $ 65,422,581,963.40
BAP Bapcor Limited 8.26 0 40 $ 2,800,153,125.00
DSK Dusk Group 3.55 0 $ 217,937,527.50
MMM Marley Spoon 2.86 0 101 $ 732,231,500.00
VTG Vita Group Ltd 0.955 -1 -5 $ 156,496,208.09
SNL Supply Network 7.05 -1 64 $ 285,835,879.00
SUL Super Ret Rep Ltd 12.865 -1 55 $ 2,897,353,995.00
ZBT Zebit Inc. 0.935 -1 $ 84,658,560.15
BLX Beacon Lighting Grp 1.875 -1 70 $ 425,427,278.43
PMV Premier Investments 27.66 -1 59 $ 4,400,531,664.30
AX1 Accent Group Ltd 2.73 -2 101 $ 1,457,621,463.35
TRS The Reject Shop 5.24 -2 -31 $ 200,569,499.28
SSG Shaver Shop Grp Ltd 0.99 -2 41 $ 126,880,306.59
KMD Kathmandu Hold Ltd 1.47 -2 28 $ 1,042,232,034.48
BDA Bod Australia 0.35 -3 23 $ 38,096,611.20
UNI Universal Store 7.29 -3 $ 534,329,602.80
JAY Jayride Group 0.23 -4 39 $ 32,604,557.76
CL8 Carly Holdings Ltd 0.064 -4 -66 $ 6,971,958.59
ASG Autosports Grp Ltd. 2.36 -6 115 $ 472,350,000.00
BBN Baby Bunting Grp Ltd 5.23 -6 63 $ 687,636,999.00
DMC Design Milk Co Ltd 0.4 -7 60 $ 14,517,116.80
MPH Mediland Pharm 0.061 -8 -39 $ 19,078,580.21
AUK Aumake Limited 0.024 -8 -58 $ 11,832,628.74
ADH Adairs Limited 4.17 -10 78 $ 713,505,256.50
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Harris was one of the best performers although the top stock in the retail space was consumer electronics company TTA Holdings (ASX:TTA) despite not having any updates.

Another was online retailer Kogan (ASX:KGN) which runs a similar subscription service called Kogan First. It operated a promotion for Kogan First to coincide with Amazon Prime Day.

Last year, due to the Covid outbreak, both Amazon Prime Day and Kogan’s promotion fell in the December quarter amidst Black Friday and the Christmas shopping season.

While Kogan had its lips sealed on how well these promotions have done, during the first half of FY21 its gross profit grew by over 120 per cent, sales by over 96 per cent and active customers reached over 3 million customers.

Kogan shares saw a slight boost this week as did Redbubble (ASX:RBL), which is a platform focused on independent artists.

Similar to Kogan, Redbubble rose multiple times in 2020 but declined in 2021 as shareholders looked to stocks gaining from the post-COVID recovery.

At Stockhead, we tell it like it is. While Harris Technology is a Stockhead advertiser, it did not sponsor this article.