Amazon.com Inc's Prime Day saw strong online sales growth in the United States on Monday even as supply chain snafus and a robust spending appetite limited the level of discounts on popular products like electronics.
As Debenhams exits the high street, many of its former stores are being converted to non-retail uses. But there appears to be an opportunity opening up for the return of smaller department store operators.
Amazon is postponing its major summer shopping event, Prime Day, until at least August and expects a potential $100 million hit from excess devices it might now sell at a discount, according to notes seen by Reuters.
Amazon on Wednesday said actor Samuel L. Jackson and other celebrities will voice speech for its virtual assistant Alexa, while the voice aid will also be built into a new wearable line of earbuds, glasses and a ring.
Kohl’s Corp forecast a steeper decline in full-year profit margin despite better-than-expected quarterly earnings, because of the cost of more aggressive H1 promotions and potential hit from new tariffs.