How to get a $1,000 Amazon gift card in Italy
Italy’s Amazon has been one of the biggest winners of the Brexit vote, with the retail giant becoming the biggest beneficiary of the country’s new laws.
While the country has been hit hard by the impact of the vote, the company has managed to take advantage of the uncertainty and has been able to raise up to $1 million worth of Amazon gift cards.
The move has seen the country overtake Spain, one of Europe’s biggest trading partners, and become the biggest buyer of Amazon products, with sales topping $1 billion a month in the first quarter of 2018.
With the move, the UK-based retailer has also become one of Italy’s biggest sellers of online-only books and music, with its sales ranking second only to France, according to data from Euromonitor.
In 2017, the Italian government set up a review of the laws, which are currently under review.
Amazon has previously used the loophole to buy books in the country, with some products selling for up to £10,000 ($14,300) when they were on sale in the UK.
A number of UK retailers have also used the loopholes to buy up to 1 million Amazon giftcards for themselves, according the Financial Times.
But the Italian retailer has recently stepped up its efforts, buying up more than £200 million worth (€218 million) worth of UK products in the last three months alone.
Its first major purchase of a UK product was a £1.2 million (€1.5 million) parcel of furniture for a £200,000 (€250,000) sale in April 2018, which was used to buy two £100 (€130) Kindle tablets.
This was followed up in November 2018, with Amazon buying a large quantity of books and magazines for £1 million (about $1.4 million).
It has also recently purchased a £700,000 worth of books in April 2019 for a total of £1 billion (€2.7 billion) which it used to sell a new book, ‘The Last Day on Earth’, which was released in March 2019.