Amazon’s “Summer Sale” event aims to boost retailers impacted by COVID-19
Amazon has announced “Summer Sale” event that’s designed to provide a boost for sellers feeling the impacts of the coronavirus pandemic and the delay of the company’s annual Prime Day event.
The event will begin on June 22, and is expected to run anywhere from 7 to 10 days long, reports CNBC.
Amazon is still finalizing details around the event, which isn’t named, but has been given a working title of the “Biggest Sale in the Sky.” The company is in the process of finalizing the landing pages for the event and asked sellers to submit deals for items with a discount of at least 30%.
It’s unclear what items will be discounted as part of the sale or whether it will be restricted to Prime subscribers.
The summer sale will likely help some retailers sell the extra inventory that’s accumulated in their warehouses over the past months.
More Amazon news
Jack Ma has officially retired from Alibaba
Alibaba begins new era as founder departsJack Ma has officially retired from Alibaba on Tuesday. He celebrated his retirement with a big bash at an Olympic-sized stadium in the company's hometown of Hangzhou.Ma is stepping away from Alibaba at a relatively...
Amazon is facing probe by US antitrust officials
The FTC is interviewing Amazon sellers as part of antitrust probe Antitrust officials have begun interviewing Amazon sellers to determine whether the e-commerce giant is using its market power to hurt competition. Federal Trade Commission investigators...
The impact of US-China tariff escalation on Amazon sales
Tariff escalation affects US-based Amazon sellers more than their competitors in ChinaThe series of tariffs imposed by the United States on Chinese goods has impacted both US and China-based Amazon vendors, but US sellers are taking a bigger hit to their...
