Amazon Prime Day Comes Amid Slowdown In Online Sales Growth

The video discusses Amazon's economic challenges, including a 32% stock decline and its first quarterly loss since 2015. It explores how rising inflation affects consumer behavior during Prime Day, potentially reducing impulse purchases. The video also examines Prime Day's impact on retail sales, noting that while it remains popular, growth is slowing. Amazon's strategy focuses on promoting Prime memberships, which are crucial for its growth. Additionally, Amazon emphasizes supporting small businesses, addressing criticism of overshadowing smaller retailers.

What economic factor is likely to affect consumer spending during this year's Prime Day?

• Stable housing market

• Increasing interest rates

• Decreasing unemployment rates

• Rising inflation

What was the initial purpose of Amazon's Prime Day when it started in 2015?

• To promote Prime memberships

• To clear out old inventory

• To launch new products

• To compete with Black Friday

How have other retailers responded to Amazon's Prime Day?

• By ignoring it

• By creating their own sales events

• By lowering their prices permanently

• By increasing their advertising budgets

What is one of Amazon's main goals for Prime Day besides increasing sales?

• To expand into new markets

• To showcase the benefits of Prime membership

• To improve customer service

• To reduce shipping costs

How has Amazon addressed criticism regarding its impact on small businesses?

• By limiting the number of small businesses on its platform

• By increasing fees for small sellers

• By highlighting small businesses during Prime Day

• By reducing Prime Day discounts