The announcement of Amazon Prime Day also brought out the company’s competitors, especially the world’s largest retailer Wal-Mart Stores Inc. (NYSE: WMT). According to report at Time.com, Wal-Mart’s website listed rollback (sales) pricing of between 20% and 50% off on thousands of items Wednesday. Wal-Mart also lowered the free shipping threshold from $50 to $35, the same level the Amazon uses for its non-Prime subscribers.
Target Corp. (NYSE: TGT) extended its “Black Friday in July” promotion through Friday. While not directly targeted to compete with Prime Day, Target may just have gotten lucky to have the promotion already under way. Amazon did make a big noise about Black Friday last week, saying that Prime Day would feature more deals than Black Friday.
Macy’s Inc. (NYSE: M) is holding a “Surprise Specials Day” online. The offer includes lots of discounts and free shipping on all orders with no minimum purchase requirement.
ALSO READ: 5 Dividend Stocks That Give You Consistent Raises
We have often wondered how come investors keep bidding up Amazon stock in the face of its rare — and tiny — profits. Apparently the company’s story that it focuses pointedly on customers, makes fast and frequent changes and drives operational efficiency more than overcomes the tiny profits and frequent losses.
For all the hype, the consensus view appears to be that, indeed, Prime Day was a dud.
Shares of Amazon traded down about 0.8% late in Wednesday’s lunch hour, at $461.95 in a 52-week range of $284.00 to $469.60.
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
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