In this game of Monopoly, both players are set out to convince everyone that they are nothing like Rich Uncle Pennybags. On Thursday, regulators... Read More...
The Wall Street Journal
Amazon Has Been Slashing Private-Label Selection Amid Weak Sales
Amazon.com has started drastically reducing the number of items it sells under its own brands, and the company has discussed the possibility of exiting the private-label business entirely to alleviate regulatory pressure, according to people familiar with the matter. Amazon’s private-label business, with 243,000 products across 45 different house brands as of 2020, has been a source of controversy because it competes with other sellers on its platform. The decision to scale back the house brands resulted partly from disappointing sales for many of the items, the people said.
