Amazon.com Inc stated that it would hold its Prime Day on June 21 and 22 in the US and other countries, returning the annual sales event to midyear after the pandemic adjusted its timing last year.The event this year is scheduled a bit earlier than the normal July date, which aims to capitalize on a seasonal shopping break with sales on millions of items. Other retailers have in past years held competing events close to Prime Day with deals to extract shoppers. Walmart Inc. on Wednesday stated that it plans to hold the event of a sale named âDeals for Daysâ from June 20 to 23 featuring items in stores and online. This Yearâs Prime Day comes just before amazon founder Jeff Bezos plans to resign as chief executive. Andy Jassy, head of Amazonâs cloud computing business, is set to assume the CEO role on July 5, while Mr. Bezos becomes executive chairman.Amazon held last yearâs shopping fest in October as the Covid-19 pandemic and an increase in online shopping during lockdowns strained delivery networks and caused delays earlier in the year. The latter event provided a restart to the holiday shopping season and empowered record quarterly sales for the online retailing behemoth.
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