financetom
Business
financetom
/
Business
/
What's Going On With Amazon Stock As Prime Day Approaches?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
What's Going On With Amazon Stock As Prime Day Approaches?
Jun 25, 2024 6:51 AM

Amazon.com Inc ( AMZN ) shares are trading narrowly higher. The e-commerce giant on Tuesday announced details of its 10th Prime Day event.

What Happened: Amazon ( AMZN ) announced that this year’s Prime Day event will take place on July 16 and July 17 as Prime members gain access to millions of exclusive deals.

The deals will span more than 35 categories including electronics, kitchen, beauty and apparel. Prime members will also be able to request an invitation to access invite-only deals that are expected to sell out.

Amazon ( AMZN ) also announced that Megan Thee Stallion will kick off the deal event by announcing the dates in her latest music video and new song called “It’s Prime Day.” Prime members will also have the option to shop Megan Thee Stallion’s favorite picks on Prime day.

“Prime Day is a celebration of the value we bring to members all year long, and features millions of deals across more than 35 product categories as well as discounts on Amazon ( AMZN ) devices, quality entertainment, groceries, travel, and more during the event,” said Jamil Ghani, vice president of Amazon Prime.

“In fact, over the course of last year, Amazon ( AMZN ) customers saved nearly $24 billion from deals and coupons—with Prime members enjoying the vast majority of those savings—including over $2.5 billion during Prime Day 2023.”

Amazon ( AMZN ) noted that Prime members can start enjoying Prime Day savings now, with early access to deals on products from popular brands. Amazon ( AMZN ) will also get members ready for Prime Day with deal alerts and personalized deal notifications. Anyone can join Prime for $14.99 per month or $139 per year.

U.S. online sales during Amazon’s Prime Day event last year climbed 6.1% year-over-year to $12.7 billion. Amazon ( AMZN ) said Prime members bought more than 375 million items worldwide during the two-day event in 2023, making it the biggest Prime Day event ever.

Check This Out: Amazon Set To Challenge ChatGPT-Parent OpenAI With New AI Service ‘Metis’: Report

AMZN Price Action: Amazon ( AMZN ) shares were up 0.51% at $186.52 at the time of publication, according to Benzinga Pro.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved