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Benzinga
Benzinga
Technology
Anusuya Lahiri

Here's How Amazon Looks To Boost Sales Slowdown Via Amazon Prime

  • Amazon.com, Inc (NASDAQ:AMZN) looks to hold a second shopping event for Prime members in the fourth quarter, according to a notice viewed by CNBC.
  • Amazon gears up for Prime Day on July 12 and 13, its annual shopping extravaganza to attract new subscribers.
  • Also Read: Amazon Prime Day Braces For Slowdown Like Alibaba On Pandemic Recovery, Inflation Concerns
  • Amazon intimated privileged third-party merchants of a “Prime Fall” deal event seeking submission of limited-time “lightning deals” by July 22.
  • The fall event could help drum up additional sales for Amazon, which booked the slowest quarterly revenue growth in April since the dot-com bust in 2001. It could also help retailers eliminate additional inventory accumulated due to pandemic recovery and inflation.
  • Amazon trimmed investment in its delivery operations to absorb the impact of the changes in shopping trends following pandemic recovery and inflation.
  • Price Action: AMZN shares traded lower by 5.21% at $107.32 on the last check Tuesday.
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