Amazon's 'Prime Day': How Did Sales Stack Up?

The transcript discusses Amazon's Prime Day, highlighting its success in attracting Prime members despite technical glitches and lower sales compared to expectations. It compares Amazon's and Walmart's sales, noting Amazon's dominance in online retail but Walmart's overall larger sales. The discussion also covers Walmart's strategies to compete with Amazon online, including offering discounts and free shipping.

What was the primary goal of Amazon's Prime Day according to the transcript?

• To boost Prime memberships

• To compete with Black Friday

• To increase immediate sales

• To test new products

How does Amazon's online sales compare to Walmart's according to the transcript?

• Walmart has more online sales than Amazon

• Amazon has significantly more online sales than Walmart

• Amazon and Walmart have equal online sales

• Amazon has less online sales than Walmart

What is a key difference between Amazon and Walmart's profitability as mentioned in the transcript?

• Walmart posts profits more consistently than Amazon

• Amazon consistently posts higher profits than Walmart

• Amazon has never posted a profit

• Both companies have similar profit margins

What is one of the challenges Walmart faces in the online retail market?

• Lack of physical stores

• Slowing online sales growth

• High shipping costs

• Limited product range

What strategy did Walmart implement to compete with Amazon on Prime Day?

• Reducing store hours

• Offering free shipping and discounts

• Launching a new product line

• Increasing in-store promotions