Amazon to hold Prime Day over 2 days in June
Amazon said Wednesday that it will hold its annual Prime Day over two days in June this year, the earliest it has ever held the sales event. Amazon has said it was holding it earlier due to the Olympics, which starts next month and take people's attention away. Last year, Amazon postponed Prime Day to October because of the pandemic and used the sales event to kickoff holiday shopping early.news.yahoo.com
On the heels of Amazon Prime Day’s success, more Black Friday-like deals are starting
On the heels of Prime Day's success, "Black Friday deals are arriving sooner, lasting longer and — hopefully — saving us a lot of money," according to Julie Ramhold, a consumer analyst with DealNews.com. is kicking off Black Friday online and in-store as early as Nov. 4 with a three-part event called Black Friday Deals. Amazon's Holiday Dash deals event is already underway. Best Buy has also released some Black Friday-level pricing on TV sets, laptops, headphones and home theater equipment. has also released some Black Friday-level pricing on TV sets, laptops, headphones and home theater equipment.cnbc.com
Amazon's pandemic-delayed Prime Day may disappoint, Citi says
Amazon's pandemic-delayed Prime Day appears to have been more disappointing than previous years, according to a note from Citi analysts published on Friday. Citi looked at web traffic information collected by market research firm SimilarWeb and found that Prime Day 2020 web traffic was basically flat year over year, compared to almost 8% growth in 2019. Amazon's publicity around Prime Day results was also muted compared to its language in the past, Citi analysts said. Citi analysts pointed to previous Prime Day results between 2016 to 2019, wherein Amazon characterized the event as its "biggest day ever" or the "largest shopping event in Amazon history." "Based on the language of Amazon's press releases and SimilarWeb data, it appears that Prime Day 2020 was not the 'biggest day ever,'" Citi analysts said.cnbc.com
Amazon says third-party sellers made more than $3.5 billion from Prime Day
Amazon said third-party sellers on its marketplace earned more than $3.5 billion during this year's Prime Day shopping event, an increase of nearly 60% compared with last year and a record for the small and midsize businesses that make up the marketplace. The company, which didn't disclose total Prime Day sales, said third-party sellers' Prime Day sales grew even more than Amazon's retail business. Prime Day, launched in 2015, has grown to become one of the company's most important retail and marketing events. In 2019, third-party sellers saw more than $2 billion in sales during Prime Day. At that percentage, Amazon stands to have generated at least $7 billion in sales during this year's Prime Day.cnbc.com
These kitchen items from Amazon I actually use in my own kitchen
You can get them all on Amazon, and since it’s Prime Day, why not treat yourself to something special for your kitchen? Instant Pots are insanely popular, so if you already have one, you know just how versatile this kitchen appliance can be. It’s really great for steaming veggies, too. Really nice Dutch ovens can get really expensive, but this one on Amazon is a reasonable price, and it’s a great quality. Having both of these items in your kitchen will be great additions.
The hands-down best beauty gifts: An Amazon shopping guide
A great skin product can change your whole routine. No matter who you’re shopping for, beauty gifts are ALWAYS sure to please. It’s truly the best of the best, so if you’re ready to knock your daughter’s socks off and gift her a truly fabulous item -- look no further. Apply a few coats of this magical potion (if you’re truly getting glammed up) and you’ll see some Bambi lashes in no time. If you’re really looking to up your game, make sure you have the best possible set.
13 random Amazon products that real people swear by
Charcoal toothpaste has been making the rounds for a while now, so I had to see what the hype was about. Stop buying those (wasteful) throw-away makeup wipes -- this is what you need instead. “(These are) the best and strongest of all the wipes, well-priced, and they are great for so many things. I had about a million moms recommend this stuff, and after trying a few competitors' products, came to confirm that it's truly the best. Email us with your product recommendations and all the reasons why you swear by the stuff.
Holiday shopping gets early start with October Prime Day
NEW YORK – Halloween is still weeks away, but retailers are hoping you'll start your holiday shopping now. The big push is coming from Amazon, which is holding its annual Prime Day sales event Tuesday and Wednesday, kickstarting the holiday shopping season. It’s the first time Prime Day has been held in the fall, after the pandemic forced it to postpone from July. Whether people will start shopping early remains to be seen. This year's Prime Day is in 19 countries, including two new ones: Brazil and Turkey.
On deal-crazy Amazon Prime Day, online retailers decide if it's time to buckle to the bargain
Homesick candles Source: HomesickFor retailers looking to compete with Amazon around its annual Prime Day event, it's not all about offering deep discounts to catch customers' attention on the internet. Instead, around Prime Day and through this holiday season, Berger said, Mack Weldon will be boosting its marketing efforts, especially on social media. At one point early on during the Covid-19 crisis, Mack Weldon was selling 1,000 pairs of sweatpants per day, Berger said. "One of the advantages of having a strong direct channel is we don't need to compete with Amazon on Prime Day," said Jonathan Wahl, Abbio co-founder and CEO. Prime Day is "all about the 'deal' as opposed to the value of the brand or the offering," Wahl said.cnbc.com
How small retailers are doing Amazon Prime Day amid Covid-19 pandemic
Amazon's annual two-day Prime Day sales event kicks off on Tuesday, Oct. 13 after the coronavirus pandemic delayed the event for months. Prime Day, which dates back to 2015 and typically runs in mid-July, begins at midnight on Tuesday and runs through Oct. 14. Amazon doesn't release specific revenue numbers around its Prime Day events, but the company said it sold more than 175 million items during last year's Prime Day. Of course, not all third-party sellers on Amazon are happy about the delayed timing of Prime Day. (The 48-ounce bottles will sell for $17.59 for Prime Day, Sundlie says.)cnbc.com
Shopping during Amazon Prime Day? Be aware of this scam.
SAN ANTONIO – It’s fun to get great deals during a shopping event like Amazon Prime Day, but scammers are looking for unsuspecting customers in an effort to get information or money. The Better Business Bureau is warning consumers who are doing their shopping on Amazon.com during Prime Day so they can avoid becoming victims to scammers. The BBB says the scammers will call you with an issue on your Amazon account. Problems range from fraudulent charges on your Prime Card to unfulfilled orders for expensive products. The con artists will then ask for information, such as credit card numbers or Amazon account details.
Black Friday sneaks into October to compete with Amazon’s Prime Day
Amazon pushed its mega sale event called Prime Day from July to October 13-14, prompting other big retailers to scooch up their Black Friday and other sale events. “We’re going to see a lot of tech deals, home goods and toys, as well, because Amazon is using Prime Day this year to kick off the holiday shopping season,” said Samantha Gordon, deal-hunting guru for Consumer Reports. Target is promoting its Deal Days to coincide with Prime Day October 13-14. “I’ve always said Black Friday starts November first. This year, it starts Prime Day.”Prime Day deals are only available to Prime members.
Amazon's Prime Day is shaping up to be its most challenging one yet
With Prime Day taking place in October, Amazon's "peak season" will last longer than ever before. Prime Day, which started in 2015, has grown to become one of the company's most important retail and marketing events. This year's Prime Day is expected to be just as lucrative for the company. Amazon doesn't share Prime Day sales volume, but JPMorgan forecast this year's event could bring in revenue of $7.5 billion, up 42% from its 2019 estimates. eMarketer estimated Prime Day sales could hit close to $10 billion.cnbc.com
Amazon finally announces dates for Prime Day 2020
After a year filled with uncertainty surrounding the coronavirus pandemic, Amazon has officially announced the dates for its annual Prime Day which offers massive discounts site-wide. The coronavirus pandemic pushed Prime Day 2020 back a few months, as the usually scheduled date in July was postponed. Amazon has hardly seen a drop in sales since the start of the pandemic - in fact, it’s been quite the opposite. Sales increased by 40% in the second quarter compared to 2019, according to Amazon. View more information, including early Prime Day deals, here.
Amazon signals Prime Day will start Oct. 13
Amazon has made several recent moves that signal its annual Prime Day event could kick off in the coming weeks. An internal Amazon email obtained by The Verge said the two-day shopping event will take place on Oct. 13 and 14, with an official announcement set for Sept. 27. It had previously told third-party sellers to use the week of Oct. 5 as a "placeholder date" for Prime Day promotions and coupons. An Amazon spokesperson told CNBC in a statement that the company hasn't announced any dates for Prime Day. Prime Day, which started in 2015, is typically held in July.cnbc.com
Holiday shopping started in July this year, thanks to Amazon
Still, about 17% of people are planning to start their holiday shopping on Black Friday, up "significantly" from 2018, according to NPD Group. NPD Group found about a third of people did some holiday shopping during Amazon's 48-hour Prime Day event this year. Five percent of people had already finished their holiday shopping ahead of Prime Day, which was actually two days this year, July 15-16. "Its impact on holiday shopping should not be dismissed." But for more people in 2019, holiday shopping started in July.cnbc.com
Amazon's big investment in free one-day delivery is expected to spark growth in the third quarter
Mark Ralston | AFP | Getty ImagesAmazon is expected to show more signs of growth when it reports its third-quarter earnings results on Thursday, after having spent over $800 million in speedier delivery for two straight quarters. Analysts estimate Amazon will report revenue of $68.8 billion in the third quarter, up 21.6% from the year-ago period, according to Refinitiv. That would be the second straight quarterly improvement in revenue growth, following a 20% increase in the second quarter. The growth rebound is a welcome sign for Amazon, whose revenue growth had dropped to a four-year low of 16.8% in the first quarter. During the third quarter, Amazon launched a number of new hardware devices, including Alexa-powered wireless headsets.cnbc.com
Amazon clobbered after a miss on the bottom line and soft guidance
Revenue grew 24% to $70 billion for the quarter, showing the heavy investment in free one-day shipping is leading to more purchases. "Customers are buying more often and they're buying more products," Amazon CFO Brian Olsavsky said during a call with reporters. For the fourth quarter, Amazon is forecasting operating income to fall between $1.2 billion and $2.9 billion, also below the $4.2 billion street estimate. In a prepared statement, Amazon CEO Jeff Bezos highlighted the company's free one-day delivery initiative, saying it's leading to higher customer satisfaction. "Customers love the transition of Prime from two days to one day they've already ordered billions of items with free one-day delivery this year.cnbc.com
This chart shows why the holidays are becoming less important to retailers
The holiday season is less and less important for retailers, as more shopping moves online, according to a new study. For comparison, Coresight said total retail sales over the past three months climbed 4.1%, from the same three-month period a year ago. The firm called out "the ongoing trend of holiday shopping becoming less important to key retailers." It said the holiday season accounted for almost 24% of all retailers' sales in the late 1990s, but is closer to 21% today. Holiday sales have dropped the most over the years, as a percent of annual sales, for jewelry chains, the study found.cnbc.com
Amazon's Prime Day promotion pumped up July's total retail sales, BofA says
Boxes sealed with Prime Day tape move along a conveyor ahead of shipping from an Amazon.com Inc. fulfilment center during the online retailer's Prime Day sales promotion day in Koblenz, Germany, on Monday, July 15, 2019. Wall Street's consensus forecast is for a 0.3% gain in July on headline retail sales and 0.4%, excluding autos, according to Refinitiv. The gain was due in part to Amazon's Prime Day promotions but also the historic heatwave in much of the country. Meyer said the five-year-old Prime Day has seen a shift to higher spending each year but this year it was large. Last year, Prime Day spending was more modest, and it was negligible in 2016 and 2017.cnbc.com
Regret your Amazon Prime Day purchase? Here's how to course correct
filadendron | E+ | Getty ImagesAmazon's 48-hour Prime Day is over, which means regret over some of your purchases might be sinking in. He spent around $60 on each of the pots, which have been popular items since the first Prime Day was held four years ago. "I kind of got wrapped up in Prime Day," McNamara said. Katie Raffa, an executive assistant in New York, snapped up a $65 juicer during last year's Prime Day, thinking it was a bargain. Events like Amazon Prime Day can trigger uncontrollable spending, said April Lane Benson, a psychologist and author who specializes in compulsive shopping.cnbc.com
Retailers should thank Amazon: Adobe estimates the size of a Prime Day bump
Amazon's Prime Day is fueling other retailers' online sales, an early reading shows. Adobe said Amazon's Prime Day is now the third period outside of the holiday season during which online sales in the U.S. will top $2 billion, like they did on Labor Day last year and Memorial Day this year. Amazon's Prime Day kicked off at 3 a.m. Last year, Prime Day lasted 36 hours. Amazon also said that its sellers worldwide on Monday had the biggest 24-hour sales day in the company's history, with millions of Alexa-enabled devices already sold.cnbc.com
Amazon's Prime Day, starting July 15, is now 48 hours long
Amazon said it will expand its Prime Day to 48 hours, compared with 36 hours last year. The event is also key for Amazon's efforts to expand its $119 annual Prime membership, since only Prime members can shop at the sale. Amazon's Prime Day will last for 48 hours this year, with the online retailer planning to offer more than 1 million deals from July 15-16. Amazon said it plans to offer the "biggest Prime Day deals ever on Alexa-enabled devices" this year, although it didn't specify the prices or deals. Early Prime Day dealsAmazon on Tuesday said it was offering an "early" Prime Day deal on a Toshiba HD television, which it's selling for about $180, or $120 less than its retail price, through June 30th.cbsnews.com
Amazon Prime Day could be the 'record-breaking event' to boost consumer stocks next week
Consumer discretionary stocks, tracked in the exchange-traded world by the Consumer Discretionary Select Sector SPDR Fund, ticker XLY, could get another big boost next week after hitting a new 52-week high Monday, according to CFRA. "We at CFRA are really expecting that Prime Day is going to be a record-breaking event for Amazon, " Todd Rosenbluth, CFRA's senior director of ETF and mutual fund research, said Monday of the XLY's largest holding. "So, if you like XLY, you really want to be looking forward to the consumer discretionary sector doing well with Amazon's Prime Day." "You really need to understand what's inside a portfolio," Rosenbluth said. Shares of Amazon, which recently announced that Prime Day will be a two-day event this year, rose by less than 1%.cnbc.com
Fed survey finds modest economic growth, and other MoneyWatch headlines
A new Federal Reserve survey finds modest economic growth in most parts of the U.S.; Amazon says Prime Day was its biggest sales-volume day ever; and Forbes says Dallas Cowboys are worth $4 billion. These headlines and more from CBS MoneyWatch.cbsnews.com