Weekly Amazon Seller News - June 1st, 2021

“Amazon Prime Day sale reportedly planned for June 21 and 22” (Source: Cnet)

Prime day is confirmed for June.
According to a new report from Bloomberg, the sale event will run June 21 and 22 this year.
Amazon will likely confirm the dates within the next few days.

US Multi-Channel Fulfillment fee changes go into effect today (June 1, 2021), except where otherwise noted.
For complete details, check out the link below

As of May 25, 2021, you can set a faster default handling time for your products.
You can set the account level default handling time to either 1 business day or 2 business days (this does not affect products that have a product level handling time set).
Only Sellers with professional selling plans will be able to update/edit their default handling time.
Check out the link below for more info, including steps on how to update your default handling time
Note: For new Sellers joining the program, the default handling time will set to 1 business day and Sellers will have the option to change it to 2 business days.

FBA Liquidations is a new program that lets you recover value from your excess and customer-returned inventory and avoid storage fees.
Amazon sends your inventory to wholesale liquidators, allowing you to recover typically 5% to 10% of an item’s average selling price.
The program offers an alternative to having your inventory disposed of or returned to you.
To liquidate your inventory, select Liquidations when you create a removal order from any inventory planning page.
Starting June 1, 2021, Amazon will charge FBA Liquidations fees, which will be incurred when shipments leave fulfillment centers.