Amazon Reducing Its Private-Label Items Amid Weak Sales: Report
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Amazon.com Inc has started reducing the number of items it sells under its own brands amid weak sales, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Amazon.com Inc has started reducing the number of items it sells under its own brands amid weak sales, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The company has also discussed the possibility of exiting the private-label business entirely to alleviate regulatory pressure, the report added. Amazon, however, said it has never considered closing the private label business.
"We continue to invest in this area, just as our many retail competitors have done for decades and continue to do today," its spokesperson said.
Disappointing sales for many of the in-house brand items partly caused the decision to scale them back, the WSJ report said.
