Amazon.com Inc. may end wholesale purchases from "thousands" of small venders in the coming months, according to reporting by Bloomberg. Amazon (NASDAQ: AMZN) often buys merchandise from small to mid-sized brands to sell on their website, but, if those products brought in less than $10 million a year, Amazon would end that arrangement, per the report. An Amazon spokesperson said the sources and information in the Bloomberg story were "wrong." That said, companies accustomed to selling directly to Amazon and unseasoned in dealing with consumers on the platform could suffer from such a decision. Read More...
Amazon may cut out small vendors in favor of large wholesalers. It’s a potential boon for third party firms.
Amazon.com Inc. may end wholesale purchases from “thousands” of small venders in the coming months, according to reporting by Bloomberg. Amazon (NASDAQ: AMZN) often buys merchandise from small to mid-sized brands to sell on their website, but, if those products brought in less than $10 million a year, Amazon would end that arrangement, per the report. An Amazon spokesperson said the sources and information in the Bloomberg story were “wrong.” That said, companies accustomed to selling directly to Amazon and unseasoned in dealing with consumers on the platform could suffer from such a decision.
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