United States

Amazon plans huge sale as online shoppers gravitate toward Target and Walmart

Amazon is preparing for a “Summer” Sale to lure back customers frustrated by shipping delays and other ordering woes that have plagued the online retailer during the coronavirus pandemic. Despite surging demand since the pandemic struck, Amazon has actually lost market share to rivals like Walmart and Target as weeks-long shipping delays and perpetually out-of-stock items have pushed customers to do more business with Amazon’s rivals. Amazon now accounts for 34 cents out of every dollar Americans spend online, down from 42 cents before the outbreak, according to market research firm, Rakuten Intelligence. Meanwhile, rivals Walmart has seen its online sales surge by 74 percent and Target has nabbed an increase of 141 percent. Am ...