Wayfair, DoorDash and Chewy shine in e-commerce data check
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Global mobile app download data for June was strong for the most part, according to the latest report from Sensor Tower. The monthly e-commerce reports on app downloads and daily average users are being watched more closely than in the past to see if more cracks in consumer spending emerge.
E-commerce companies that stood out in the data dump, included Wayfair, whose download growth accelerated to 50%, while DAUs accelerated 17 basis points to 8% year-over-year growth. DoorDash (NYSE:DASH) also had an improved month, with downloads up 1% and DAUs up 6% after both metrics were negative in May. Chewy (NYSE:CHWY) also sizzled, with downloads up 19%. Airbnb (ABNB) downloads accelerated 11 points from the prior month to +10% year-over-year, while DAUs accelerated a point to 18% year-over-year growth Ahead of the huge Prime Day shopping event on July 11-12 Amazon (AMZN) saw daily average users rise 4% year-over-year, despite a drop in downloads. Meanwhile, eBay (NASDAQ:EBAY) downloads were down 8% year-over-year and DAUs were down 4% year-over-year and Etsy (ETSY) downloads were flat and DAUs grew 15%. Downloads for Uber Eats (UBER) fell 14% year-over-year and DAUs were off 16% year-over-year as the food delivery service showed signs of sluggishness.
The consumer discretionary sector will see its biggest shopping event of the summer next week with Amazon's (AMZN) annual Prime Day event on July 11-12 set to include new deals dropping every 30 minutes over a 45-hour period. The Prime Day sales will simultaneously take place in Australia, Austria, Belgium, Brazil, Canada, China, Egypt, France, Germany, Italy, Japan, Luxembourg, Mexico, the Netherlands, Poland, Portugal, Saudi Arabia, Singapore, Spain, Sweden, Turkey, the United Arab Emirates, the U.S., and the UK. Amazon (AMZN) has not indicated if it will hold a second Prime Day shopping event in October like it did last year.
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