Dozens of Private Label Brands to be Removed as Part of Amazon Cost-Cutting Strategy
To cut big costs, Amazon is slashing down a dozen of private label brands that did not resonate well with customers.
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To cut big costs, Amazon is slashing down a dozen of private label brands that did not resonate well with customers.
Amazon is cutting back on the number of own brands it offers on its marketplace. The retail giant plans to drop 27 of its 30 private label clothing brands as
The move was first reported by the Wall Street Journal, which said the company has decided to eliminate 27 of its 30 in house-label clothing division, leaving it with just Amazon Essentials, Amazon Collection and Amazon Aware.
Amazon has reportedly cut 27 of its 30 in-house private label brands, leaving it with just Amazon Essentials, Amazon Collection and Amazon Aware.
Amazon.com is shelving several private clothing brands in an attempt to reduce costs and address antitrust scrutiny, a source familiar with the matter said on Thursday. The move was... -Today at 11:53 am- MarketScreener