Amazon will be adjusting the aged inventory surcharge and adding more tiers. Amazon will be applying charges to aged inventory almost 3 months earlier than the previous year. As Amazon increases fees, it’s time for sellers to take stock of ASIN profitability and product pricing. For many sellers, Amazon’s complex and ever-evolving rules can be stressful. Hinge offers support to these sellers with its inventory management tools.
Amazon announced yesterday that if you plan to run deals during Prime Week, you must submit them by April 28th, 2023 for Amazon US or May 12th, 2023 for Amazon CA.
2022 BFCM RECAP HINGE COMMERCE clients saw a 69% growth over last year’s Turkey 5 (the 5 peak shopping days of Thanksgiving through Cyber Monday). Clients who participated in Turkey 5: Total sales were +104% 2022 vs. 2021. Our Account Management, Advertising and Operations team executed flawlessly preparing for BFCM by developing impactful promotional strategies through utilization of deals and coupons, ensuring inventory was received into the Fulfillment Centers (FC’s) prior to peak sales and storage limits implementation, as well as building out campaigns with bidding/targeting strategy that ramped up brand awareness prior to event, but also maintained strong visibility during the event.
Do you have a sufficient Q4 strategy in place for your products on Amazon? Make sure you plan for sufficient inventory levels, learn how to use Amazon Advertising, and how to drive traffic. Hinge Global is here to help you build your best strategy through Q4 and beyond.
Applying its comprehensive 360-degree strategy, HINGE COMMERCE’s clients outperformed the industry average, delivering 7-times more sales growth than the average Amazon business. Accounts managed by HINGE COMMERCE’s full-service channel management team saw a triple-digit increase of +115% in sales vs. Prime Day 2021 and +128% vs. Prime Day 2020.