The Excitement Builds for Amazon Prime Day 2024

Key Takeaways

• Amazon announced on Tuesday that its 10th annual Prime Day sales event will take place July 16-17.
• Last year’s event saw the largest single sales day in Amazon’s history on the first day, when customers bought more than 375 million items worldwide.
• For the first eight Prime Day events, Amazon’s share price posted an average loss of 0.34% during the sale.

Amazon’s Prime Day 2024 is set to take place on July 16-17, offering deals in 23 countries, as the company announced on Tuesday. The 10th edition of this annual sales event will kick off on July 16 at 12:01 a.m. PDT and run through July 17, with early deals available from July 8-15.

Last year’s Prime Day event set a new record for Amazon, with the first day seeing the largest single-day sales performance in company history. Prime members, who now number over 200 million paid subscribers, flocked to the site and purchased more than 375 million items worldwide.

What’s in Store for Prime Day?

The upcoming Prime Day event will feature invite-only deals where Prime members can request exclusive offers. These deals will include discounts of up to 40% on Sony Wireless Headphones and up to 30% off Peloton products. Additionally, school and college shopping guides will offer deals for parents, students, and teachers preparing for the upcoming semesters.

Amazon Vice President Jamil Ghani highlighted the significant savings that customers enjoyed during last year’s event, with nearly $24 billion saved from deals and coupons, including over $2.5 billion in savings for Prime members during Prime Day 2023.

In addition to the United States, shoppers in 22 other countries will be able to participate in Prime Day, including Australia, Canada, France, Germany, Japan, the United Kingdom, and more. Amazon also announced that Prime members in India will have their own Prime Day event later in the summer.

Amazon’s regionalization of its U.S. warehouse network has led to improved delivery speeds for Prime members, which could contribute to increased sales during the 2024 event. However, historical data shows that Amazon’s stock price has experienced an average decline of 0.34% during the first eight Prime Day events.

As of Tuesday afternoon, Amazon shares were trading up about 1% at $187.59 and have risen by 23% in 2024.

In Conclusion

With Amazon’s Prime Day 2024 just around the corner, anticipation is building for another record-breaking event. Prime members can look forward to exclusive deals and discounts across a wide range of products, while shoppers around the world will have the opportunity to participate in this global shopping extravaganza.

As Amazon continues to innovate and expand its offerings, Prime Day serves as a testament to the company’s commitment to providing value and savings to its customers. Whether you’re looking for tech gadgets, home essentials, or back-to-school supplies, Prime Day is sure to have something for everyone.

Stay tuned for more updates and announcements as we countdown to Amazon’s highly anticipated Prime Day 2024!