Page 12 - aruba-today-20220713

A12 business
Wednesday 13 July 2022

Amazon Prime Day comes amid

slowdown in online sales growth

ing and buying," said David
Niekerk, a former Amazon
vice president of human
resources who oversaw op-
erations. "That's having an
impact on Amazon."
Brian Olsavsky, the compa-
ny's chief financial officer,
has said many of Amazon's
warehouse expansion de-
cisions were made as far
back as two years ago,
limiting what the company
can do to adjust midyear.

An Amazon Prime truck passes by a sign outside an Amazon
fulfillment center on Staten Island, New York, on March 19, 2020.
Associated Press

By HALELUYA HADERO tor of GlobalData Retail.
AP Business Writer It's quite a reversal from the Marriott Aruba Surf Club
Amazon is heading into early days of the pandem- PLATINUM SEASON
its annual Prime Day sales ic when the e-commerce 2 Bed Oceanfront $26,000
event on Tuesday much giant's profits soared as 2 Bed Oceanside $18,500
differently than how it en- homebound shoppers 2 Bed Ocean view $16,500
2 Bed Garden view $14,500
tered the pandemic. turned to online shopping 3 Bed Ocean view $28,000
The company has long to avoid contracting the WK 51 Ocean view $52,000
used the two-day event — coronavirus. The demand WK 52 Ocean View $55,000
one of its biggest all year — was so high that Amazon WK 7 and 14 - all views
to lure people to its Prime nearly doubled its work- GOLD SEASON
membership, for which force in the last two years 2 Bed Oceanfront $14,000
Amazon recently raised the to more than 1.6 million 2 Bed Oceanside $12,000
2 Bed Ocean view $8,000
price to $139 a year from people. 2 Bed Garden view $6,000
$119 a year. It also increased its ware- 3 Bed Ocean view $13,000
Amazon doesn't disclose house capacity to match
total Prime Day sales, the avalanche of orders Marriott Aruba Ocean Club
though research firm In- flooding its site. By the PLATINUM SEASON
sider Intelligence suggests end of 2021, Amazon had 2 Bed Oceanfront $32,000
sales could climb to about leased and owned roughly 2 Bed Ocean view $19,750
$7.76 billion in the U.S. 387.1 million square feet of 1 Bed ocean front $16,500
1 Bed ocean View $12,000
alone — or 16.8% over last space for its warehouses GOLD SEASON
year -- in part because of and data centers — more 2 Bed Oceanfront $14,000
the event's mid-July timing, than double what it report- 2 Bed Ocean view $11,500
which compared to last ed in 2019. 1 Bed oceanfront $9,000
year's June date would al- Then, the worst of the 1 Bed ocean View $6,500
low the company to cap- pandemic eased. Ameri-
ture more consumers doing cans felt more comfort- ** Destination Points $6.00 per
back-to-school shopping. able leaving their homes, point
Amazon could use the and demand also slowed La Cabana Beach Resort
boost amid a slowdown in across the board. The retail 1 Bed wk 51 $6,500
overall online sales. Once sector's online sales growth
the darling of the pandem- in the U.S., which spiked
ic economy, the company to 36.4% in 2020, returned
posted a rare quarterly loss to more normal growth in Other weeks are also available.
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