{"id":1684006,"date":"2022-10-11T15:57:22","date_gmt":"2022-10-11T19:57:22","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1684006"},"modified":"2022-10-11T15:58:21","modified_gmt":"2022-10-11T19:58:21","slug":"amazons-prime-day-like-event-kick-starts-holiday-discount-frenzy-amid-high-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amazons-prime-day-like-event-kick-starts-holiday-discount-frenzy-amid-high-inflation\/","title":{"rendered":"Amazon\u2019s Prime Day-like event kick-starts holiday discount frenzy amid high inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Famazons-prime-day-like-event-kick-starts-holiday-discount-frenzy-amid-high-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1684006&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Aishwarya Venugopal and Ananya Mariam Rajesh<\/p>\n<p>(Reuters) \u2013     Amazon.com Inc fired up the holiday shopping season with its second major sales event of the year as rivals from Walmart to Best Buy joined in with discounts to woo customers grappling with inflation-squeezed Christmas budgets.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The two-day \u201cPrime Early Access Sale\u201d shopping event for Amazon members, which starts Tuesday, is much like the Prime Day summer marketing blitz and will compete with early discounts from rival retailers.<\/p>\n<p>\u201cRetailers will likely fight harder and earlier for potentially fewer dollars this year. The thinking is that the early bird catches the dollars,\u201d said Carol Spieckerman,  president at consultancy Spieckerman Retail.<\/p>\n<p>Walmart Inc is holding a \u201cRollbacks and More\u201d sale event from Oct. 10-13 to counter Amazon\u2019s discount days, with deals on everything from Hot Wheels toys to luggage.<\/p>\n<p>Kohl\u2019s Corp and Best Buy Co Inc\u2019s 48-hour sale also runs on the same days as Amazon\u2019s event, while Target Corp\u2019s \u201cDeal Days\u201d were from Oct. 6-8, avoiding a clash with Amazon.<\/p>\n<p>\u201cThe middle- to upper-income consumer is likely to take more advantage of the current deals to get a jump on the holiday season \u2026 at the lower end of the income spectrum, those consumers may hold off and buy closer to need,\u201d Telsey Advisory Group analyst Joseph Feldman said.<\/p>\n<p>Inflation and early discounting is also expected to slow holiday spending for the year. U.S. online holiday sales are expected to rise this year at their slowest pace since at least 2015 and grow only 2.5% to $209.7 billion, according to Adobe Analytics.<\/p>\n<p>The early start to the holiday shopping season, however, does not come as a surprise.<\/p>\n<p>Major retailers such as Target and Walmart have been giving big discounts for months to get rid of excess inventory that piled up as consumer\u2019s cut back on discretionary spending. Some of them even had competing deals when Amazon held its Prime Day sales in July.<\/p>\n<p>At the time, Amazon raked in about $12 billion in sales, according to Adobe.<\/p>\n<p>\u201cThis holiday season, retailers are resorting to blunt force promotions to coax shoppers,\u201d Spieckerman said.<\/p>\n<p> (Additional reporting by Uday Sampath in Bengaluru; Editing by Shounak Dasgupta)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/amazons-prime-day-like-event\/attachment\/an-amazon-delivery-worker-sorts-packages-out-for-delivery-in\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9A13R-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9A13R-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/amazons-prime-day-like-event\/attachment\/amazon-truck-during-amazons-two-day-prime-early-access-sale-shopping-6\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9A0YN-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9A0YN-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/amazons-prime-day-like-event\/attachment\/amazon-truck-during-amazons-two-day-prime-early-access-sale-shopping-7\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9A0YL-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9A0YL-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/amazons-prime-day-like-event\/attachment\/amazon-truck-during-amazons-two-day-prime-early-access-sale-shopping-8\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9A0YO-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9A0YO-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/amazons-prime-day-like-event\/attachment\/amazon-truck-during-amazons-two-day-prime-early-access-sale-shopping-9\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9A0YP-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9A0YP-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Aishwarya Venugopal and Ananya Mariam Rajesh (Reuters) \u2013 Amazon.com Inc fired up the holiday shopping season with its second major sales event of the year as rivals from Walmart<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1684006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1684006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1684006"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1684006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1684006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1684006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1684006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}