Now, Amazon is helping to kick off the holiday shopping season in earnest after delaying its annual sale from July until October amid the coronavirus pandemic .
As they do when Prime Day is held in July, other retailers including Target , Walmart and Best Buy are holding big sales of their own to compete with Amazon's members-only shopping event.
But after Prime Day and the competing sales end, be prepared for round after round of early sales through Thanksgiving and beyond.
Not to change the topic here:
Holiday shopping season kicks off early, presents unique challenges to retailers | Tri-state News
In retail stores across the tri-states, Christmas displays are making their first appearance while the fall decor is still standing.
The odd juxtaposition underscores the seismic shifts in consumer behavior and retail strategy that are poised to shape holiday shopping in 2020.
In a recent survey conducted by the National Retail Federation, 74% of surveyed retailers said they expect this holiday shopping season to be longer than the previous year's, largely because consumers are beginning to make their purchases far earlier than usual.
H&M to close 350 stores in 2021, citing increase in online shopping
LOS ANGELES - Fast-fashion giant H&M announced that it plans to close 350 stores in 2021 while opening 100 new stores — resulting in a net decrease of around 250 locations next year.
The retailer was forced to close 80% of its locations due to the ongoing coronavirus pandemic, and according to a news release by the company, sales decreased in September of 2020 by 5% compared to the same month last year.
“More and more customers started shopping online during the pandemic, and they are making it clear that they value a convenient and inspiring experience in which stores and online interact and strengthen each other,” said Helena Halmersson, CEO.
Online Shopping Could Be Up 35% This Holiday Season | Barron's
Wall Street's consensus estimate for S&P 500 earnings per share is $33.11 in the third quarter. It would be a more than 21% drop from a year earlier.
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Apple (AAPL) is holding a product event today, and it's widely expected to unveil a new lineup of 5G-capable iPhones. Wireless companies have been busy rolling out the faster and more reliable next-generation networks across the U.S.
Ives foresees iPhone demand surging thanks to the aging installed base and the new 5G capabilities. Those could outweigh a weak economic and employment backdrop.
Were you following this:
Shopping during Amazon Prime Day? Be aware of this scam.
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SAN ANTONIO – It's fun to get great deals during a shopping event like Amazon Prime Day, but scammers are looking for unsuspecting customers in an effort to get information or money.
Crooks are posing as Amazon employees and spoofing the BBB's phone number to make themselves seem legitimate.
The BBB says the scammers will call you with an issue on your Amazon account. Problems range from fraudulent charges on your Prime Card to unfulfilled orders for expensive products.
Many Retailers Already Struggling With Shipping Delays As Holiday Shopping Season Approaches
CHICAGO (CBS) — Prime Day begins today with a deluge of deals from Amazon. The mega-retailer promises fast shipping, something mom and pop shops are struggling with across the country.
The Morning Insiders take us inside delivery issues hitting some businesses hard at time when they’re already fighting to hang on.
CBS 2’s Lauren Victory looks into predictions for one of the biggest tests yet: the holiday season.
Amazon Prime Day 2020: Beware of these online shopping scams
The online holiday shopping season kicks off this week with heavily advertised promotions for Amazon Prime Day, Target Deal Days and Walmart's The Big Save event.
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We're being warned that 2020's flurry of online shopping is triggering yet another scam. This time, the fraudsters are impersonating Amazon, which begins its Prime Day sales at midnight going into Tuesday morning.
Some recorded voice claims to be from Amazon and then tells you about a fraudulent charge on your Amazon Prime card. Or maybe the recorded message will alert you to a so-called lost or damaged package.
Palo Alto office shopping spree tops $850 million
Palo Alto office buildings at 3450 Hillview Ave. and 3460 Hillview Ave. A big Southern California real estate and investment firm has gobbled up its latest in a string of Palo Alto office property purchases, a deal that extends a buying spree in the Silicon Valley tech hub that now tops $850 million.
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Alexandria Real Estate, acting through an affiliate, has bought two Palo Alto office buildings on Hillview Avenue near Arastradero Road, acquiring a site that's in the famed Stanford Research Park.
Happening on Twitter
UK shoppers urged to shun Amazon Prime Day to support small businesses https://t.co/BHQg6KnWZ2 guardian (from London) Tue Oct 13 05:13:24 +0000 2020
Jeff Bezos is again worth more than $200 billion as Amazon's stock soars ahead of Prime Day https://t.co/fNTKF6xilg… https://t.co/wwLkiLWNhr Forbes (from New York, NY) Mon Oct 12 17:43:59 +0000 2020
Gamers, get ready for Prime Day on 10.13. We've teamed up with @amazon to bring you exclusive offers on a selection… https://t.co/iChltHQ7rC Razer (from United States) Mon Oct 12 15:05:21 +0000 2020
The world's richest man doesn't need your money, your local shops and your town does. https://t.co/OtfDsBdSAK NIAbbot (from London, Ingerland) Tue Oct 13 08:50:48 +0000 2020
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