Amazon Prime Big Deal Days 2024 Scores Record-Breaking Sales
Portfolio Pulse from Erica Kollmann
Amazon's Prime Big Deal Days 2024 achieved record-breaking sales, marking the largest October shopping event for the company. More Prime members shopped, and a record number of customers signed up for Prime memberships. Amazon plans to hire 250,000 workers to support the holiday rush.
October 10, 2024 | 3:51 pm
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Amazon's Prime Big Deal Days 2024 was the largest October shopping event in the company's history, leading to increased sales and Prime membership sign-ups. The company plans to hire 250,000 workers to support the holiday season, indicating strong demand and operational expansion.
The record-breaking sales and increased Prime membership sign-ups during the Prime Big Deal Days event suggest strong consumer demand and positive revenue impact for Amazon. The hiring of 250,000 workers indicates preparation for high holiday demand, which is likely to boost operational capacity and sales. These factors contribute to a positive short-term outlook for AMZN stock.
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