Amazon To Delay Marketing Event Prime Day Due To Coronavirus (reuters.com) 27
An anonymous reader shares a report: Amazon is postponing its major summer shopping event Prime Day at least until August and expects potentially a $100 million hit from excess devices it may now have to sell at a discount, according to internal meeting notes seen by Reuters.
Boo hoo (Score:2)
Amazon losing $100m? When just ONE person in the company is worth $100b!? I'ma lose sleep over this one!
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Even if they take a hit in one segment, I bet their quarterly results will bear out that they are absolutely swamped with business right now. Every day is Prime Day right now.
Prime Day for Amazon. Not so Prime for the consumers.
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Something funky. (Score:1)
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Sale price (Score:5, Insightful)
So they're going to have to put things on sale because they couldn't put them on sale and they're somehow going to lose $100,000,000 doing so? Huh?
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That's because prime day is a scam. They tell you that you're getting a great deal and lots of people believe it. But you aren't.
Re:Sale price (Score:4, Interesting)
So they're going to have to put things on sale because they couldn't put them on sale and they're somehow going to lose $100,000,000 doing so? Huh?
Not sure why this is getting modded down. The comment is totally correct. The mods are wrong.
I think part of the problem is slashdot including a "funny" mod. The first few times I modded a comment as funny, I thought I was doing the author a favor. I had no idea that funny was a bad thing. Slashdot should get rid of the funny mod. It's worse than useless; it's counter-intuitive.
Re: Sale price (Score:2)
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Funny mods things up. ItÃ(TM)s not a negative mod.
It's special (or at least, it used to be) in that "funny" moderation did not count towards increasing your karma. That meant that if you made a comment that some people found funny, and others didn't like and modded down, you could end up getting a pretty significant negative penalty for a comment that had been modded up.
These days it's even more unimportant than it was then, of course.
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Funny mods things up. ItÃ(TM)s not a negative mod.
It's special (or at least, it used to be) in that "funny" moderation did not count towards increasing your karma. That meant that if you made a comment that some people found funny, and others didn't like and modded down, you could end up getting a pretty significant negative penalty for a comment that had been modded up.
These days it's even more unimportant than it was then, of course.
Is meta-moderation even a thing any more?
Re:Sale price (Score:4, Interesting)
Prime Day was never supposed to be a real sale. Now they have to actually discount things.
Nobody wanted those "Excess" devices, anyway (Score:2)
At this point, I'd imagine that all of the people who wanted an an Amazon "device" like an Echo smart speaker or Ring doorbell already got one. As it is now, they're basically giving away the damn things for free as a door prize when you open a new bank account or buy a new mattress.
Amazon has been frequently selling them for at a steep discount for over a year now, and no sane person was going to buy them at full price... on Prime Day or otherwise.
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No sane person was going to buy one at any price. In fact, I wouldn't buy one if they paid me to take one. Well, actually I would, but the box would never make it inside the door. It would be thrown in the Big Bear Bin (what the Brits call a "skip" -- don't know what you yanks call it) unopened.
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" It would be thrown in the Big Bear Bin (what the Brits call a "skip" -- don't know what you yanks call it)"
A dumpster
Not surprising at all considering they can't meet (Score:3)
demand now. I'm awaiting the class action or automated arbitration for breach of contract on their current month long shipping time for virtually everything while under Prime contract with millions of people who aren't getting what they paid for.
Amazon Prime late delivery refund policy (Score:2)
Considering Amazon Prime deliveries are taking longer than usual [cnbc.com], having a backlog of Prime Day deliveries on top of what they have now would result in Amazon issuing a lot of late delivery credits [tomsguide.com] which can be a 1-month extension of an Amazon Prime subscription (up to 12 per annual membership), a $5 to $20 gift certificate toward any product on the site, a 20% discount on an Amazon Prime membership, or other offers.
Re:Amazon Prime late delivery refund policy (Score:4, Interesting)
They're actually not promising a shipping date for most items. Just 1-2 day shipping when it actually ships. Their lawyers have definitely been consulted on this. They're treading right on the line.
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Legally yes, they are correct. However, imagine the backlash caused when those deliveries don't arrive in 2 days as people expect. People will get pissed. And since other stores coincide their sales with Prime Day, they'll be even more pissed when those stores sell items for similar prices and they arrive before
Delayed? (Score:1)
'Package may be lost'. YIPPEE! (Score:2)
I don't know if it is just quietly staged in a warehouse until priority items go through or if it is truly lost since it has actually shipped. It is a shame they aren't clear on this.
Good (Score:2)
Amazon is evil.
Fuck them (Score:3)
I wouldn't loose sleep over Amazon going bust, so they can stick their $100m sob-story where the sun doesn't shine (and I don't mean Scotland).
100 million dollar hit (Score:2)
pocket change for amazon.