What to Watch for on Amazon Prime Day

The transcript discusses the significant impact of Amazon's Prime Day, highlighting its expected growth in sales and the influence of Prime membership. It explores Amazon's strategic moves into luxury items and advertising, and how competitors like Best Buy and Walmart are responding with their own sales events. The discussion also covers the global reach of Prime Day and future e-commerce predictions.

What is the predicted increase in sales for Amazon Prime Day compared to the previous year?

• 60%

• 43%

• 25%

• 75%

Which new market is Amazon exploring during Prime Day?

• Automobiles

• Luxury items

• Real estate

• Grocery

How are companies responding to Amazon's advertising strategies?

• Decreasing their advertising budgets

• Eliminating advertising altogether

• Maintaining the same advertising budgets

• Increasing their advertising budgets

Which retailer preempted Amazon's Prime Day with their own sales event?

• Costco

• Walmart

• Target

• Best Buy

What challenge do manufacturers face during these sales events?

• Lack of consumer interest

• Excessive inventory

• High advertising costs

• Supply chain constraints