Americans have one more reason to celebrate this Fourth of July. A market research company's preliminary data shows that getting all the gear needed to host a pool party costs less than it has in years. Consumer data provider Numerator said in an analysis prepared for The Associated Press that the total price to buy beach towels, a beverage cooler, bathing suits and other accoutrements of summer fun averaged $858 in June. That was the lowest amount for the month since 2020. The finding from the firm's seasonal snapshot comports with broader economic measures indicating that U.S. consumers so far haven't seen major impacts from President Donald Trump's vigorous application of tariffs on foreign goods.
It's summertime, and the bargains seem easy at a time when many consumer prices are high. July sales events have become a seasonal revenue driver for the retail industry since Amazon launched its first Prime Day in 2015. While consumers may be enticed by the advertised can't-miss savings on some products, personal finance experts say shoppers should be careful not to fall for potentially misleading marketing or give in to impulse buys. Amazon is holding its 10th Prime Day event on Tuesday and Wednesday. Retail rivals like Walmart, Target, Kohl's, and newcomers TikTok Shop and Temu launched summer promotions ahead of Amazon, hoping to siphon off some of the e-commerce giant's savings-hungry shoppers.
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