Amazon's Echo Speaker a Best Seller on Prime Day

The transcript discusses Amazon's Prime Day, highlighting its success without specific sales numbers. It notes the emphasis on Amazon Echo products and discounts, aiming to boost Prime membership. The impact on other retailers, especially small ones in shopping malls, is significant due to the shift towards online shopping. The discussion also touches on consumer behavior and the strategic importance of Prime Day for Amazon's fourth-quarter sales.

What was notable about Amazon's Prime Day compared to their fourth quarter sales?

• It was less successful than the fourth quarter.

• It did not meet expectations.

• It was their biggest sales day ever, even surpassing the fourth quarter.

• It was only successful in certain regions.

Which product was highlighted as the best-selling item during Prime Day?

• Amazon Kindle

• Amazon Fire Stick

• Amazon Prime Membership

• Amazon Echo

What was the average discount percentage reported by Market Track during Prime Day?

• 30%

• 40%

• 50%

• 20%

What was the main reason for Amazon offering steep discounts on Echo products?

• To attract more subscribers to Amazon Prime

• To promote a new product line

• To clear out old stock

• To compete with Walmart

How is Amazon's strategy affecting small retailers and shopping malls?

• It has no impact on them.

• It is causing them to thrive.

• It is putting them under significant pressure due to online competition.

• It is helping them increase foot traffic.