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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

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Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
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Amazon’s Prime Day will take place July 11 and 12—and it’s going to look a bit different this year

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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June 21, 2023, 11:03 AM ET
Andy Jassy
Amazon CEO Andy JassyMichael M. Santiago—Getty Images
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The countdown to Prime Day 2023 is officially underway.

Amazon has announced its non-holiday sales event will take place on July 11 and 12 this year, with some sales launching immediately—and a new way of parsing out the biggest deals.

Now entering its ninth year, Prime Day has become one of the retailer’s biggest sales events, even topping Cyber Monday (though the comparison is a bit unfair, since Prime Day has grown into a two-day event).

As has become customary, Amazon has already launched discounts on several items, cutting the price of select Echo, Eero, Ring, and Blink products by 55% to 63%. Several Prime Video titles can be bought or rented for up to 50% off. And Amazon Music Unlimited is being bundled with MGM+ for 99 cents a month for three months.

For bargain hunters, Prime Day is often about the big deals. Those often go in seconds, though, which results in some user frustration. This year, the company is hoping to alleviate that issue with an invite-only deals program.

Prime members will be able to request an invitation to access the deals, which range from 75% off a 43-inch Amazon Fire TV to 55% off JBL Live 660NC noise-canceling headphones to 60% off a Bulova men’s Marine Star chronograph. Members whose requests are granted will be notified during Prime Day with instructions on how to purchase the item.

“With invite-only deals, we’re adding more value to the Prime experience and have made it easier for our Prime members to access exclusive doorbuster deals at incredible prices without waiting in line,” said Jamil Ghani, vice president of Amazon Prime, in a statement.

Prime Day’s blast zone extends beyond Amazon. Walmart and Target see a lift in traffic and revenues during the retail event, as they generally offer discounts of their own. And small businesses that are promoted by Amazon during the event can see a sales increase as well.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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