U.S. — Amazon, Best Buy, Target, and Walmart are set to launch weeklong sales events starting as early as Monday. Amazon Prime is advertising savings on groceries, including $1 red cherries.

Best Buy is offering televisions for as low as $59.99, while Walmart is providing up to 50% off home products. Target is offering discounts of up to 45% off select kitchen items and floor cleaning products. Traffic from artificial intelligence sources converted into purchases at a rate 54% higher than those from non-AI sources, according to an Adobe report published June 17.

U.S. inflation is at 4.2% year over year. U.S. consumer sentiment reached an all-time low in May. Retail and food service sales have increased by 6.9% from this time last year. Hourly wages fell behind inflation for the second consecutive month in May.

"If you have the consumer really thinking about the elevated prices they might be paying, maybe at the pump or in various sectors of the economy, it becomes incredibly important for them to get the value on essential goods," said Vivek Pandya, lead insights analyst and director at Adobe Digital Insights. "Spending has remained strong, even as real incomes have turned negative," said Heather Long, chief economist at Navy Federal Credit Union. "There's a big opportunity for brands to think about how to drive up more activity from audiences from these sources," Pandya said.

Adobe expects a 9% growth over last year from these sales events. The average daily online spending during Prime Day is anticipated to be 84% higher than the overall daily average for the month. "We're really talking about a Black Friday and a Cyber Monday's worth of spend compressed into June," Pandya said.