Amazon scraps 27 own-label fashion brands to cut costs
What: Amazon is eliminating 27 of its 30 private clothing brands in an attempt to reduce costs and address antitrust scrutiny. Amazon Essentials, Amazon Collection and Amazon Aware will be the 3 brands left.
Why it is important: Amazon has been often criticized for allegedly favouring its own products and disfavouring outside sellers on its platform. The U.S. Federal Trade Commission (FTC) investigated several big tech companies for allegedly breaking antitrust law: Amazon has been discussing an exit from the private brands business as a concession to the FTC.
Amazon also is scrapping private-label furniture, phasing out its Rivet and Stone & Beam brands once their stock runs out.
Related posts
Central unveils new $575 million Bangkok mall
Central unveils new $575 million Bangkok mall
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript
Grupo Falabella raises its profits to $167 million and increases its projection for the end of 2025
Grupo Falabella raises its profits to $167 million and increases its projection for the end of 2025
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript