Cyber Monday Sales: Shoppers Hit Phones Instead of Stores

The transcript discusses Amazon's extended Black Friday promotions and the shift towards online shopping. It highlights Amazon's growth compared to Walmart, the challenges Amazon faces in maintaining growth, and issues with counterfeit products and fake reviews. The discussion also covers expected retail trends for December, emphasizing the importance of convenience and Amazon Prime in driving sales.

What is the new duration of Amazon's Black Friday promotions?

• 33 days

• 10 days

• 22 days

• 5 days

What is one of the main reasons for the shift towards online shopping?

• Limited selection

• Higher prices

• Convenience and free delivery

• Lack of innovation

How many fulfillment centers did Amazon add in the third quarter?

• 5

• 26

• 10

• 18

Which non-core verticals are contributing to Amazon's growth?

• Home and kitchen

• Electronics and gadgets

• Apparel and consumables

• Books and music

What is a significant challenge Amazon faces in maintaining growth?

• High shipping costs

• High employee turnover

• Counterfeit products

• Limited product range

What is Amazon's strategy to keep customers from leaving Prime?

• Offering discounts

• Building a moat around Prime

• Reducing membership fees

• Increasing advertising

What is the primary driver of Amazon's business growth?

• Wide product range

• Prime membership

• Low prices

• Fast shipping