Prime Day makes third-party sellers anxious

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 13 July 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amazon Prime Day, the unofficial holiday of the e-commerce enthusiast, is here. But for third-party-sellers, today might not be a day for celebration.

Transcript

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0:00.0	NPR.
0:03.5	Today is a holiday, but it is not a holiday you are likely to see on your calendar and
0:18.5	that is because it is prime day.
0:21.3	Ah yes, the two day annual sales bananza brought to you by the ginormous online retailer
0:29.8	Amazon.
0:31.6	And here to unpack some of the drama simmering beneath the surface of prime day is a lot
0:36.9	of s'mos.
0:37.9	Senior economics correspondent at Time magazine.
0:40.0	Alana, welcome back to the show.
0:41.7	Thanks so much for having me back on this shopping holiday.
0:48.9	Prime day is not just a huge deal for Amazon, the company.
0:52.8	It's a huge deal for third party sellers.
0:55.7	You know, the small and medium businesses who source and sell products on Amazon.
0:59.6	They accounted for nearly two thirds of Amazon sales last year.
1:03.6	Two thirds of Amazon sales.
1:05.7	That is a lot of people figuring out how to sell stuff on Amazon.
1:09.0	But that was last year, right?
1:10.6	So what's in store for this year?
1:12.6	Well, here's what one Amazon seller told me.
1:16.0	Basically, our industry is not going to make money this year and a lot of companies are
1:19.4	going to go bankrupt.
1:21.0	That was Mike Wilson Hart.
	...

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