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Latest News from the Amazon Ecosystem
Amazon Schedules Mini Prime Day for June 22
Following the delay of their annual Prime Day sale until September, Amazon has decided to host a smaller sale on June 22nd (tentatively titled "the Biggest Sale in the Sky"). The goal of this sale is to help its sellers unload some of the excess inventory they may have accumulated during the pandemic-related disruptions to Amazon’s usual shipping services. The sale will be centered around fashion items and will feature discounts of at least 30% on eligible products. A notice sent to sellers
Alibaba Offers International Financing Options With Alibaba Cross-Border Payment Terms
Alibaba has just introduced Alibaba Cross-Border Payment Terms, a financing solution for American SMEs that will allow smaller sellers to order items in bulk without having to pay for them for up to 60 days. This marks the first time a B2B ecommerce website has offered international financing directly through the platform itself. The company says that they developed this feature to provide more options for SMEs who might struggle to secure the same favourable financing terms as large busine
Amazon Extends Promotion for European Fashion Sellers
Amazon has extended the fashion promotion it launched for European sellers on March 1st; while originally set to end on February 28th, 2021, the promotion will now run until April 30th, 2021. During this time, European sellers with FBA or SFP products in the Clothing, Shoes and Bags categories are eligible to cut their referral fee to just 7% of the portion of the sale price of items that sell for more than £40 or €45. This extension is being offered in response to Amazon’s decision to limi
Four Premier League Fixtures to Be Free to Air on Amazon Prime
All four of Amazon’s remaining Premier League fixtures will be available for UK sports fans to stream on Amazon Prime Video without a Prime membership when matches resume. These four fixtures are part of the set of 33 games that are currently slated to be aired for free by certain broadcasters, including Amazon Prime, Sky Sports, BBC Sport, and BT Sport. The remainder of the 92 matches left overall in the top-flight campaign will be broadcast live only to paying customers.
Amazon Secures Record Low 0.4% Interest in $10 Billion Debt Sale
Amazon has just announced that it has acquired $10 billion in new debts to be used for general corporate expenditures. This debt consists of six tranches ranging from $1 billion to $2.5 billion each, with maturities lasting up to 50 years. One of the $1 billion tranches was oversubscribed and was thus able to be sold at an unprecedented 0.4% interest rate. The rest sold at rates between 0.8% and 2.5%, which is still relatively little interest for a company to pay at this time. Analysts cred
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Our picks
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Amazon’s CEO Jeff Bezos Is Back at the Helm of the Giant Online Retailer
admin posted a news in Amazon News,
With the crisis created by the COVID-19 pandemic, Jeff Bezos has returned to Amazon’s day to day management roles, having distanced himself a while back.
Back in 2017, Amazon's founder and CEO had delegated to his deputies most of the immediate problem-solving duties at the global e-commerce market-leading company. Soon after the start of the coronavirus problems, however, Mr. Bezos, who is now 56 years old, has since resumed his focus on amazon amidst the retailer’s current challenges.
As the pandemic ranges on, Amazon is grappling with demand surges, logistical issues, and labor unrest, with Jeff now making daily decisions on inventory, testing, and the megastore's comeback against public criticism. The Amazon CEO made an impromptu visit to one of the company's busiest warehouses and has been holding talks with government officials regarding the revival of the economy.
Source : New York Times-
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Jeff' Annual Shareholder Letter is out: Summary
admin posted a record in Analysis,
Amazon founder and Chief Executive Officer Jeffrey P. Bezos penned this year's shareholder letter, highlighting the e-commerce giant's outlook amid the Coronavirus pandemic. Putting it as he sees it, Jeff Bezos began with reiterating that the online retailer had learned of the value that its consumers have placed in them.
Seeing through this tremendous responsibility, he said, was Amazon's sole purpose for the moment, with all its time and resources being directed to mitigating the adverse effects of this crisis.-
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