Amazon is looking to start the holiday shopping season even earlier this year.
Typically, online retail giant Amazon holds its annual Prime Day sale in the summer, as it did this year. During this sale, subscribers to the site’s Prime subscription get access to a large selection of steep discounts, particularly on popular items like clothes and appliances. Prime Day is one of the largest Amazon sale events in a given year, but apparently, Amazon is looking to double those profits.
Amazon Is Holding Another #PrimeDay This October: Here’s Everything You Need to Know https://t.co/Oy77ulSwYg
— Variety (@Variety) September 26, 2022
Amazon announced this week that they will be holding a second Prime Day sale this year, titled the Prime Early Access Sale. This sale, which will run for two days on October 11 and 12, will feature a similarly large catalog of discounts on popular items, which Amazon claims will number in the “hundreds of thousands.”
While the major shopping season usually begins at the end of November with Black Friday, Amazon may be looking to stretch the holiday shopping season out in an effort to net shoppers that may not have as much to spend during the season proper.
Early this morning, Amazon made a major announcement: There will be a second Prime Day this year. Here are all the details on the October event. https://t.co/Qmm3Y4kdi7 Via @ForbesVetted
— Forbes (@Forbes) September 27, 2022
“Consumers are going to start holiday shopping earlier this year as they look to spread the costs at a time when household incomes are being squeezed,” Neil Saunders, retail analyst and managing director at GlobalData Retail, told CNN Business.
Liz Cheney Signals Potential Departure from GOP
Netflix Establishes In-House Game Studio
-
With Federal Reserve Chair Jerome Powell signaling that interest rates might be cut soon, investors are contemplating how this...
-
Consumer prices in the United States increased at the slowest rate in over three years last month, raising hopes...
-
In a significant shake-up at Starbucks, Laxman Narasimhan has stepped down from his role as CEO and board member...
-
JPMorgan Chase is set to release its second-quarter earnings report before the opening bell on Friday, July 14. Investors...
-
The Federal Reserve announced today that all 31 banks participating in its annual stress test have demonstrated their ability...
-
Wednesday is poised to be a pivotal day for economic news, as investors and economists brace for a crucial...
-
AMC Entertainment Holdings Inc. successfully raised approximately $250 million through a stock sale completed on Monday, coinciding with the...
-
Bank of America has reported impressive first-quarter earnings, surpassing analysts’ estimates for both profit and revenue, driven by better-than-expected...
-
Ken Griffin, the founder and CEO of Citadel, emphasized the importance of prudence in the Federal Reserve’s strategy regarding...
-
Michael Saylor, a prominent figure in the world of cryptocurrency, has seen significant gains this week as the value...
-
The Office for National Statistics (ONS) released official figures on Wednesday, revealing that the United Kingdom posted a record...
-
Federal student loan borrowers are in a tough situation as the pause on loan payments, implemented during the pandemic,...
