How cash-strapped shoppers also jittery over the US ports strike are expected to spend for Amazons October Prime Day
Amazon will likely see a boost in consumer spending during its Prime Big Deal Days as cash-strapped consumers — also jittery over last week’s strike at US ports — pounce on deals early and often, according to experts.Amazon’s Prime Big Deal Days – also known as the October version of the Prime sale – will take place Tuesday and Wednesday.The 48-hour sale is similar to Prime Day in July and offers a wide range of deals and discounts on various products exclusively for Amazon Prime members.While Amazon doesn’t release specific sales numbers from its Prime events, business is expected to increase compared to last year.“People are looking for deals because the economy isn’t as good as it was,” Jay Kamhi, creator of the Mr.
Predicto fortune-telling toy and president of Amazon toy-seller Kamhi World, told The Post.The historic port strikes — ended late Thursday via a tentative agreement between dock workers and port employers — had threatened to hit Amazon by causing shortages and price hikes akin to the economic turmoil seen during the pandemic.But Amazon and other large retailers – which have stockpiled in anticipation of the strikes – would not feel an impact in at least a month, whereas smaller retailers would struggle with shortages in just a few weeks, SMI Group CEO Kenin Spivak told The Post.Nevertheless, experts advised consumers to start their holiday shopping sooner this year in case of potential supply chain disruptions.“Since they’re not buying perishables, I don’t think it really harms the consumer to do their shopping now, put their toys in the closet and then wrap them when Christmas comes around,” Spivak told The Post.He also warned, however, that it’s a double edged sword: If consumers start their shopping sooner, there will be shortages sooner. About two-thirds of container shipments – including goods like clothing, furniture, toys and electronics – arrive through East Coast ports, Spivak told The Post.West Coa...