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Amazon Prime Day is a very special event for many people. For one day only, Prime members receive exclusive offers from all categories and can save a lot of money. But will Amazon Prime Day 2020 take place?
The Amazon Prime Day is usually held in July. Last year, the event ran for two full days for the first time. But what about this year? According to a report by Reuters According to the report, the event is to be postponed – a complete cancellation is also possible. The report states:
Amazon is postponing its big summer shopping event, Prime Day, until at least August and expects a potential loss of $100 million from excess devices it could now sell at a discount, according to an internal document seen by Reuters.
According to reports, postponing the online event alone will cost around 100 million US dollars. Reuters explains:
Cancellation of Amazon Prime Day 2020 cannot be ruled out
The decision to postpone the date means Amazon will have 5 million excess devices that were expected to sell earlier. This includes items like voice-activated Echo speakers, which were popular orders during the event. It also affects third-party sellers who rely on the Amazon platform.
It is generally unclear whether the discussed postponement is the only option in the planning. A complete cancellation of Amazon Prime Day 2020 is also possible, although this would result in significantly greater losses. Amazon Prime Day was first held in 2015. Last year, the online retail giant reportedly generated around two billion US dollars in revenue from the event. Amazon Echo Family – Echo Dot 3 and Echo Sub now available at half price on Amazon. (Photo by Dennizn / Bigstockphoto)
