Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic
The company has long used the two-day event — one of its biggest all year — to lure people to its Prime membership, for which Amazon recently raised the price to $139 a year from $119 a year.
“It’s causing pain at the moment, and that pain is considerable,” said Neil Saunders, the managing director of GlobalData Retail. Retail sales figures for June, due to be released Friday, will shed more light on how e-commerce is faring. The most recent figures from May showed online sales falling 1% while“This is a period of time when consumers are being much more frugal thinking about how they’re spending and buying,” said David Niekerk, a former Amazon vice president of human resources who oversaw operations. “That’s having an impact on Amazon.
Preliminary data from the real estate marketplace provider Costar Group suggests the company is disproportionately shutting down its smaller facilities, which tend to have fewer loading docks and parking and are less efficient to operate, said Adrian Ponsen, Costar's U.S. director of Industrial Analytics.
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