Amazon shares rise after announcing dates and offers for Prime Day

Amazon shares rise after announcing dates and offers for Prime Day
Amazon shares rise after announcing dates and offers for Prime Day

2 min reading

The actions of Inc (NASDAQ:AMZN) are trading slightly higher. On Tuesday, the e-commerce giant announced details of its 10th Prime Day event.

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What happened

Amazon announced that this year’s Prime Day event will take place on July 16 and 17, as Prime members will have access to millions of exclusive deals.

Offers will span more than 35 categories, including electronics, cooking, beauty and clothing. Prime members will also be able to request an invitation to access exclusive offers that are expected to sell out.

Amazon also announced that Megan Thee Stallion will inaugurate the offers event by announcing the dates in its latest video clip and new song called “It’s Prime Day.” Prime members will also have the option to purchase 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 devices, quality entertainment, groceries, travel and more during the event.” , said Jamil Ghanivice president of Amazon Prime.

“In fact, over the past year, Amazon customers saved nearly $24 billion on deals and coupons, with Prime members enjoying the vast majority of those savings, including more than $2.5 billion during Prime Day 2023. ”.

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

US online sales during Amazon’s Prime Day event last year rose 6.1% year-over-year to $12.7 billion. Amazon said Prime members purchased more than 375 million items worldwide during the two-day event in 2023, making it the largest Prime Day event in history.

AMZN Stock Movement

Amazon shares were up 0.51% at $186.52 at press time, according to Benzinga Pro.

Photo: courtesy of Amazon.

You can also read: Santander and Amazon close to agreement to finance purchases in Europe

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