Amazon.com Inc's Prime Day saw strong online sales growth in the United States on Monday even as supply chain snafus and a robust spending appetite limited the level of discounts on popular products like electronics.
Cyber Monday was set to garner up to $12.7 billion in online sales, according to industry estimates, surpassing Black Friday’s digital numbers as U.S. retailers enter the last lap of an extended holiday selling season.
Amazon is postponing its major summer shopping event, Prime Day, until at least August and expects a potential $100 million hit from excess devices it might now sell at a discount, according to notes seen by Reuters.
Amazon will launch its virtual assistant Alexa in Brazil starting this month, with plans for three different devices with the software installed, as it rapidly expands operations in Latin America’s largest economy.
Amazon on Wednesday said actor Samuel L. Jackson and other celebrities will voice speech for its virtual assistant Alexa, while the voice aid will also be built into a new wearable line of earbuds, glasses and a ring.
Kohl’s Corp forecast a steeper decline in full-year profit margin despite better-than-expected quarterly earnings, because of the cost of more aggressive H1 promotions and potential hit from new tariffs.