• ITVI.USA
    15,487.730
    -50.360
    -0.3%
  • OTRI.USA
    25.300
    0.130
    0.5%
  • OTVI.USA
    15,446.060
    -51.850
    -0.3%
  • TLT.USA
    2.720
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.550
    -0.030
    -1.2%
  • TSTOPVRPM.CHIATL
    3.030
    -0.080
    -2.6%
  • TSTOPVRPM.DALLAX
    1.450
    0.150
    11.5%
  • TSTOPVRPM.LAXDAL
    2.910
    -0.030
    -1%
  • TSTOPVRPM.PHLCHI
    1.700
    -0.040
    -2.3%
  • TSTOPVRPM.LAXSEA
    3.020
    -0.010
    -0.3%
  • WAIT.USA
    120.000
    0.000
    0%
  • ITVI.USA
    15,487.730
    -50.360
    -0.3%
  • OTRI.USA
    25.300
    0.130
    0.5%
  • OTVI.USA
    15,446.060
    -51.850
    -0.3%
  • TLT.USA
    2.720
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.550
    -0.030
    -1.2%
  • TSTOPVRPM.CHIATL
    3.030
    -0.080
    -2.6%
  • TSTOPVRPM.DALLAX
    1.450
    0.150
    11.5%
  • TSTOPVRPM.LAXDAL
    2.910
    -0.030
    -1%
  • TSTOPVRPM.PHLCHI
    1.700
    -0.040
    -2.3%
  • TSTOPVRPM.LAXSEA
    3.020
    -0.010
    -0.3%
  • WAIT.USA
    120.000
    0.000
    0%
LogisticsNewsTrucking

Amazon Prime Day returns Oct. 13-14

Walmart, Target announce similar sales events

Amazon.com Inc. (NASDAQ: AMZN) said on Monday its annual Prime Day shopping event will be Oct. 13 and 14.

The e-commerce giant rescheduled Prime Day from July, when the company’s supply chain was strained from the coronavirus pandemic. 

The discount event is partially designed to secure new Prime subscribers, to promote Amazon’s products and services and to provide a sales boost in the middle of the year. The timing of this year’s Prime Day means the holiday shopping season will start earlier than usual for many.

Amazon Prime Day sales amounted to an estimated $7.16 billion in 2019.

The Seattle-based company has recently been on an expansion spree, thanks to a surge in online orders during coronavirus-induced lockdowns, which helped Amazon post its biggest-ever quarterly profit in July.

Amazon announced in September it would hire 100,000 full- and part-time logistics and fulfillment workers in North America, as well as open 100 buildings across its fulfillment and delivery network, according to FreightWaves’ Mark Solomon. Amazon was expected to increase capacity by 50% by the start of the peak holiday shopping season, which begins in October.

Amazon has already opened more than 75 fulfillment, sortation centers, regional air hubs and delivery stations in the U.S. and Canada this year.

Other retailers are copying Amazon and holding October online sales events. Target (NYSE: TGT) is holding Deal Days at the same time as Amazon’s Prime Day event. The retailer said it will have “nearly 1 million more deals” this year.

Walmart (NYSE: WMT) announced it will be holding a Big Save online event that runs Oct. 11-15. The retail giant said it will offer Black Friday-like savings on thousands of items. 

Click for more FreightWaves articles by Noi Mahoney.

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Noi Mahoney

Noi Mahoney is the Cross-Border Freight Market Reporter for FreightWaves.com. He graduated from the University of Texas at Austin with a degree in English in 1999. Mahoney has more than 20 years experience as a reporter and editor. He has worked for newspapers in Florida, Maryland and Texas.

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