This issue highlights
●Amazon Newly provided Amazon Access
●Amazon prime early enjoyment day GMV is lower than July
●Retailers started launching Black Friday promotions this week
●JPMorgan said that the US economy will continue to decline in the future, Biden immediately denied this view
●Winter is approaching! Chinese sweaters and luggage categories are best-selling in Europe and the United States
●The United States' consumer price index rose by 0.4% month-on-month in September
01: Amazon newly provides Amazon Access
Amazon Access is Amazon's new one-stop store function, including SNAP EBT payment, Amazon Layaway and other information. The center’s main project is Prime Access, a discounted membership program Prime offers to recipients who qualify for government aid. In the United States, eligible customers who sign up for Prime Access can receive all the exclusive benefits and perks for Prime members for only $6.99 per month – more than 50% less than the full-price membership price.
▲Source: Amazon NEWS
02: Amazon Prime Early Enjoyment Day GMV is lower than July
This week, Amazon held its second "Membership Day" promotion from October 11th to 12th local time to seize the market before the festival and reverse the sales decline.
According to Amazon, Prime members have ordered more than 100 million items, of which Apple AirPods (second generation), Macbook Air M1s, Peloton Bikes and Bose headphones are the most popular items. Analysts at
brokerage Jefferie estimate that the promotion could increase Amazon's total profit in the fourth quarter by $4.1 billion. The previous forecast was to make a profit of about US$158 billion, a year-on-year increase of 14%.
Bank of America analysts estimate the total commodity value (GMV) for the two-day event is $8 billion, down from the $10.7 billion GMV recorded by Amazon in its July event.
analysts also pointed out that compared with Prime Day in July, the number of times Twitter mentioned Prime autumn early enjoyment activities also decreased by 70%.
▲Source: CNBC&Fin ax
03: Retailers began launching Black Friday promotions this week
On October 10th local time, Target said that this year's event was three weeks ahead of last year. Consumers can see that the price of toys and games, electronics, kitchen appliances and other products is discounted by as much as 50% or even more, and the event will continue until Thanksgiving week. Walmart also said it will offer discounts for holiday shoppers this week.
According to CNBC, part of the reason is that Amazon has started the autumn shopping festival on "Black Friday". In order to prevent Amazon from seizing the consumer market, offline retailers have decided to take the lead in the holiday shopping season.
▲Source: CNBC
04: JPMorgan Chase has stated that the US economy will continue to decline in the future. Biden denied this view
JPMorgan Chase CEO Dimon (Jamie Dimon ) said that the current economic situation of US consumers "still perform well", but may fall into recession in the next June-September.
He expects the market to remain fluctuating in the foreseeable future, and as Fed continues to raise interest rates, S&P 500 will easily fall by 20% again. Dimon believes that rising interest rates exceed expectations, the unknown impact of quantitative austerity policies, and the Russian-Ukrainian war, people's concerns about the prospects of economic recession are increasing.
U.S. stocks fell in a volatile trend on Tuesday as concerns about the recession heated up. On the same day, President Biden downplayed the possibility of an economic recession in a TV interview and said that if there is an economic recession, it would be very slight.
▲Source: Wall Street Journal
05: Winter is approaching! Chinese sweaters and luggage categories are best-selling in Europe and the United States
China is the world's largest manufacturer of luggage, and the top two markets for export are Europe and the United States. Under the policy dividend of RCEP, orders in relevant regions are also increasing significantly. For example, the export volume of Pinghu luggage to RCEP countries was 290 million yuan, an increase of 77.65% year-on-year, exceeding the overall growth rate. In addition, the order growth of Australia, , Singapore, and Japan was particularly significant this year, with the highest company growing by 58.9% year-on-year.
Recently, French President Macron wore a turtleneck sweater in a video speech, which changed the style of the previous suit and shirt, which caused heated discussion. There are reports that this move calls on the public to strengthen physical warmth and reduce energy consumption. In the past 30 days alone, the search volume of turtleneck sweaters has increased 13 times in the European site, and the sales data in the European market are considerable. In addition, gas instability and soaring prices have caused many European families to "burn wood for heating", and orders for traditional heating stoves in Türkiye have increased significantly.
▲Source: China News Service & First Financial
06: The US consumer price index in September rose 0.4% month-on-month
On Thursday local time, Data released by the US Bureau of Labor Statistics showed that the US consumer price index (cpi) in September rose 0.4% month-on-month, higher than the Dow Jones estimated by 0.3%, and up 8.2% from the same period last year. The core consumer price index (cpi) excluding food and energy rose by 0.6% and 6.6% respectively, and the annual increase in core commodity prices was the highest since August 1982. Workers’ wages were hit again, down 0.1% per month after inflation adjusted and 3% year-on-year. The market currently expects the Federal Reserve to raise interest rates by 0.75 percentage points in November and December.
▲Year-year changes in the consumer price index of the United States (as of October 13)
▲Source: CNBC
above is the information of this week. If you are interested, you can follow ~
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