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Amazon Prime Day has Some Competitors

Amazon stock price have broken out ahead of Prime Day making all-time highs during the first week of July and trading above $2,000 per share

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amazon prime
To be eligible for the Prime Sale on Amazon you have to be a Prime member. Wikimedia Commons

On Monday and Tuesday July 15 and 16, Amazon will be conducting its Prime Day. Historically, this has been one of the largest sales on Amazon production during the calendar year. Prime Day sales are as large if not larger than Christmas sales and generally Amazon stock price gets a boost into this period. Sales of electronics are the most popular items generating significant revenue for Amazon.

Who Else is in the Sale Game This Summer?

Amazon is not the only game in town. Some of Amazons largest competitors have entered the sales game during the summer to compete directly with the worlds largest retail giant. Walmart came to play this week. The super store is poised to embark on four days of sales , and to compete directly with Amazon there is no membership included. To be eligible for the Prime Sale on Amazon you have to be a Prime member. Prime membership costs $119 per year. This provides you with prime delivery which in many places is next day delivery. It also provides customers with access to Amazon Prime Videos, which is a service that shows movies TV shows and Amazon original content. The Summer Savings Sale, that Wal-Mart launched started Sunday, July 13 and runs through July 17. Also included in the sale is free, two-day shipping if you spend more than $35.

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Some of the employees say that this will be two months of hell for us no matter what, especially since Amazon will be offering 1-day shipping. Flickr

Amazon is Ready to Rumble

As Amazon gears up for Prime Day, some Amazon employees are bracing for a long two days. This does not include the backlog of products that will need to be quickly shipped to customers throughout the globe. Press reports show that workers in Amazon’s fulfillment centers have taken to a private Facebook Group with nearly 18,000 members to let off steam and express frustration with Amazon policies surrounding the consumer holiday. While Prime customers will benefit from the robust sales offered by the company, employees will take it on the chin. 

Workers Experience Difficult Conditions

Some of the employees say that this will be two months of hell for us no matter what, especially since Amazon will be offering 1-day shipping. The sentiments from the group provide a window into the lives of workers at Amazon’s who will be under the gun during this period. The fulfillment centers have come under scrutiny in recent years. Recent reports have found that Amazon employees face extreme pressure to meet company goals, which is to keep the customer happy at all costs. Several members posted stories about a planned Prime Day worker strike at a Minnesota warehouse, as management has been slow to fix mechanical problems leading to slowdowns and accidents.

 

amazon prime
Prime Day sales are as large if not larger than Christmas sales and generally Amazon stock price gets a boost into this period. VOA

ALSO READ: Amazon Alexa May Come to Windows 10’s Lock Screen

Amazon stock price have broken out ahead of Prime Day making all-time highs during the first week of July and trading above $2,000 per share. You can trade Amazon shares on iFOREX. The company is scheduled to release its financial results on July 25, 2019. The company is expected to show earnings per share of $5.28 compared to $5.07 per share one year ago.

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Flipkart Takes on Amazon Prime with the Launch of ‘Flipkart Video Originals’

"Flipkart Video is offering a great platform for content creators to engage with a customer base of over 160 million people across India through a unique story telling format," said Monga

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Flipkart Buys Back Shares Worth $350 mn.
New e-commerce norms to impact e-tailers: Flipkart. IANS

Taking Amazon Prime head on, Walmart-owned Flipkart on Tuesday forayed into original video content in India with the launch of ‘Flipkart Video Originals’ as the over-the-top media services (OTT) war heats up in the country.

Integrated within the Flipkart video platform, which was launched in August this year, Flipkart Video Originals will be produced by some of the best creators in the industry and curated especially for the platform, the company informed.

“When we launched our video platform earlier this year, our agenda was clear and we were keen to play a role in on-boarding new customers who are not necessarily new to the internet, but are new to e-commerce,” Prakash Sikaria, Vice President-Growth and Monetisation, Flipkart, said in a statement.

In the coming months, the e-commerce platform will work with Studio Next, Frames and Sikhya Productions to bring first-of-its-kind content across genres and languages.

The first original series ‘Backbenchers’ hosted by Farah Khan goes live later this month.

Flipkart, Video, Android
Similar to Amazon Prime Video, Netflix and other streaming services, Flipkart is offering curated and personalised video content to the Indian audience. Pixabay

“Now we are launching our next content offering ‘Flipkart Video Originals’. There is an existing gap that needs to be filled and at Flipkart, we saw an opportunity to create great video content which is easier for people to consume, that is mobile-first.

“From short stories created by award-winning producers, to entertainment shows featuring the leading talent from Bollywood, we believe that our platform will have something special for every consumer. We envisage our original content to resonate strongly with people across the country, as we usher in a new era of mobile-first video content,” Sikaria added.

Also Read: Disney Plus Unveils Full Lineup of Shows, Films and Specials to be Available on Platform When it Launches

The first creator to join the platform is Oscar Award winner Guneet Monga who is on board as the official creator and curator of short stories for the platform.

“Flipkart Video is offering a great platform for content creators to engage with a customer base of over 160 million people across India through a unique story telling format,” said Monga. (IANS)