“Win Against the Amazon Extended Holiday Return Policy 2020” (Source: Lab 916)
In September, Amazon extended its holiday return policy for items delivered between October 1 and December 31, increasing the window from 92 days to about 120 days (through January 31, 2021).
This policy includes orders that are shipped by sellers (FBM) and orders that are shipped by Amazon (FBA). This means that Amazon has extended its authority over a third party seller-type account as well.
In our experience, an extended holiday return policy doesn’t necessarily indicate an above-average increase in returns. But if you are concerned, we have some tips.
First, you can brush up on all the information regarding charging a restocking fee here.
It’s going to be extremely beneficial if you know your rights and risks as an Amazon seller by educating yourself on the Amazon Seller Return Policy.
You should also check to see if you meet the criteria to charge a restocking fee to keep customers accountable.
“Amazon predicts $4 billion in Covid-related costs next quarter, with unpredictable holiday sales” (Source: NBC)
Amazon said its operating profit in the fourth quarter will be in the range of $1 billion to $4.5 billion.
This is a huge gap and leaves a lot for investors to consider. Regardless, it’s by far the biggest period of the year for the company by revenue.
This year is expected to be Amazon’s first-quarter ever to surpass $100 billion in sales.
The prediction incorporates roughly $4 billion of costs tied to Covid-19 for things like testing, cleaning, extending employee breaks, and social distancing measures.
“Amazon scores record sales for any three-month period ever” (Source: Fox)
Amazon has already hit record profits with another quarter left in 2020.
They posted a net income of $6.3 billion in the third quarter, or $12.37 per share, compared to $2.1 billion, or $4.23 per share a year ago.
Sales in Amazon’s third-quarter earnings hit $96.1 billion –a record for any three-month period in the company’s history and a 37% increase year-over-year.
With still another quarter left for the year, Amazon is on its way to mind-blowing numbers. It has already reached a record profit total in 2020 with another quarter still remaining.
Those fourth-quarter figures will include the recent Prime Day sales as well as the upcoming winter holiday season
“Amazon Vendor Information X 2020” (Source: Crux Finder)
Amazon is giving retailers who’ve bought on its venues, for over 1 year, the flexibility to add movies to their Product Element pages. To verify your eligibility, go to Vendor Central.
The free Digital Product Bundles instrument (sign-in required) lets sellers collectively create a bundle element web page, so that patrons can select their discounted add-ons.
Amazon recently began checking for defects (unsuitable dimension or weight) in listings. Sellers should verify “Item Package” values to ensure they don’t go over 12.32kg and 100cm x 50cm x 50 cm.
Sellers who ask Amazon for GTIN exemptions don’t need to ship a letter from the model proprietor anymore. This modification is being rolled out progressively throughout all product classes.
Sellers who have FBA stock within the USA can now promote it throughout the border to Canada and Mexico utilizing Distant Achievement with FBA (sign-in required).
Sellers should now fill within the discipline referred to as “Pesticide Marking” every time they make a brand new itemizing for pesticides or pesticide gadgets. Listings without this data could also be eliminated after Jan. 11, 2021.
Amazon may also be gating the class for pesticides, so sellers should get approval ASAP to proceed with promoting models already listed.
Amazon launched a brand new dashboard in Vendor Central referred to as the Amazon Promoting Console. Sellers can now see all their advert campaigns, shops, experiences, billing knowledge, and fee settings in a single place.
