Amazon Delays Prime Day Event Due to Coronavirus
Updated: Apr 9, 2020
Reuters | April 3, 2020
Amazon is postponing its major summer shopping event, Prime Day, until at least August due to the coronavirus. According to internal meeting notes seen by Reuters, the e-tailer is predicting a potential $100 million loss from excess devices, like its suite of voice-controlled Echo speakers, it may be forced to sell at a discount. Aside from Amazon-branded products, the postponement of this event will also affect third-party merchants who have come to depend on Amazon's platform for revenue.