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Retail

US Retailers Line Up Deals To Take On Amazon Prime Day Frenzy

Amazon.com Inc will face challenges from big retailers during its annual Prime Day promotion, as more merchants piggyback on the multibillion-dollar online sales event.

Target Corp, Walmart Inc, Bed, Bath & Beyond , Macy's Inc and Kohl's Inc are some top American retail chains offering big discounts and promotions to coincide with Prime day, which takes place on Monday and Tuesday this year.

The two-day sales event, which generated $10.4 billion in gross merchandise sales for Amazon last year, is taking place earlier than its traditional July run date, as the e-commerce giant looks to boost spending in what are historically slow sales days in the quarter.

And retailers are not missing the opportunity to get a slice of that pie.

Competition

Target has taken it up a notch this year, increasing the number of products and discounts on its website during Prime Days, according to StyleSage data. This is in contrast to most US mall stores, which have been cutting down on assortment and promotions this year, the data showed.

Home furnishing retailer Bed, Bath & Beyond is offering an "even bigger and better" challenger event to Prime Day this year, with same-day delivery on orders $39 or more and rewards that give customers up to $100 for future purchases.

Department store chain Macy's is teasing customers with an 'Epic Specials' event for two days starting Monday, while rival Kohl's is promoting cashbacks and discounts on beauty, apparel and household goods through its Prime-day coinciding event called "Wow Deals."

Some of its top deals include 60% off on Crux appliances and 25% off on Graco Pack 'n Play baby cribs.

Walmart's competing sales event will start one day ahead of Prime Day and end on 22 June. The world's biggest retail chain, which launched its own subscription programme called Walmart Plus last year, is offering deals on built-in Roku TVs and Roomba vacuum cleaners, among other electronic items.

Two-Day Shopping Bonanza

Amazon Prime Day , which has grown into a two-day shopping bonanza rivaling the US holiday shopping season, will see 20 countries participate this year. The event in India and Canada, however, has been postponed due to COVID-19.

Adobe expects Prime Day to top $11 billion in total online spend for US retailers this year, surpassing sales generated on Black Friday and Cyber Monday last year.

Meanwhile, a German trade union called on workers at seven Amazon warehouses to go on strike on Monday for several days to coincide with the global Prime Day promotion.

News by Reuters, edited by ESM. For more Retail news, click here. Click subscribe to sign up to ESM: European Supermarket Magazine.

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