Prime Day 2023: Amazon Analysts Estimate Deeper Discounts Amid Competition from Walmart and Best Buy
Portfolio Pulse from Anusuya Lahiri
Amazon.com Inc is offering deeper discounts on a wide range of goods and services during its Prime Day 2023 event, including its first-ever travel discounts. The discounts include 60% off Gap, Inc clothing, 50% off Sony Group Corp headphones, and 40% off Peloton Interactive, Inc exercise bikes. Amazon's Prime Day sales growth is expected to be slower this year due to post-pandemic recovery, with consumers looking to spend more on experiences, travel, and entertainment. Amazon is also facing competition from other retailers like Walmart Inc and Best Buy Co, Inc.
July 11, 2023 | 11:53 am
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Amazon's Prime Day sales growth is expected to be slower this year due to post-pandemic recovery, but the company is still expected to generate $12 billion in gross merchandise value in the U.S., up 12% Y/Y.
The news directly pertains to Amazon and its Prime Day event. The deeper discounts and first-ever travel discounts could attract more customers, potentially boosting sales. However, the expected slower sales growth could impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Best Buy Co, Inc is expected to provide stiff competition to Amazon during the Prime Day event.
The news mentions Best Buy Co, Inc as a potential competitor to Amazon during the Prime Day event. This could impact Best Buy's sales and stock price, but the exact impact is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Gap, Inc clothing is being offered at a 60% discount during Amazon's Prime Day event.
The news mentions Gap, Inc in relation to the discounts being offered on its clothing during Amazon's Prime Day event. This could potentially increase sales for Gap, but the impact on the company's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Peloton Interactive, Inc exercise bikes are being offered at a 40% discount during Amazon's Prime Day event.
The news mentions Peloton Interactive, Inc in relation to the discounts being offered on its exercise bikes during Amazon's Prime Day event. This could potentially increase sales for Peloton, but the impact on the company's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Sony Group Corp headphones are being offered at a 50% discount during Amazon's Prime Day event.
The news mentions Sony Group Corp in relation to the discounts being offered on its headphones during Amazon's Prime Day event. This could potentially increase sales for Sony, but the impact on the company's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Walmart Inc is expected to provide stiff competition to Amazon during the Prime Day event.
The news mentions Walmart Inc as a potential competitor to Amazon during the Prime Day event. This could impact Walmart's sales and stock price, but the exact impact is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50