KHD Buzz – Prime Day Moves to June, Amazon Sales Up 44%, Employee Shortages  Stalling Retail Growth and More

KHD Buzz – Prime Day Moves to June, Amazon Sales Up 44%, Employee Shortages Stalling Retail Growth and More

May 10, 2021 Off By Koehler Home Decor

Amazon’s 1Q Sales Up 44%

During the first quarter of 2021, Amazon.com reported a 44 percent increase in revenue year over year and earnings of $15.79 per share, well above the $9.54 consensus among analysts.Read More

 

Prime Day Moving to June 2021

In other Amazon news the company has confirmed that Prime Day – which historically is a big day for online retail in general – will be offered in June this year, taking advantage of, a company spokesman said a ‘dead spot in the retail calendar’. Read More

Appeals Court Holds Amazon Responsible for Defective Third Party Products

The Fourth District Court of Appeals in California has ruled that Amazon.com is liable for damages caused by exploding hoverboards sold by third-party sellers on the online marketplace, setting a possible new precedent for the company’s responsibility for the products sold by any third party seller. Read More

Increased Demand, Fewer Workers Putting Strain on Retail

Retail demand is up across the board, but a lack of employees is causing bottlenecks for both physical and e-commerce stores trying to meet their increased sales and fulfillment quotas. Read More

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