Amazon.com Inc. (AMZN) is rescheduling its annual Prime Day for September, according to a report in the Wall Street Journal ( ). The two-day Prime Day sales event is typically held in July, but surging demand amid the COVID-19 pandemic and strains on the e-commerce giant's warehouses have led to the postponement of the event, the Journal report said, citing people described as familiar with the matter. The company is now allowing unlimited shipments of nonessential goods to its warehouses, which suggests Amazon is now in position to process orders more quickly and create room for inventory, the report indicated. The stock rose 0.2% in morning trading. It has rallied 6% amid a six-day win streak through Wednesday's record close, and has gained in 12 of the previous 13 sessions. The stock has run up 35.4% in 2020, while the S&P 500 has slipped 8.2%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 21, 2020 10:00 ET (14:00 GMT)
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