Stock Market News

Amazon is reducing its private-label items – WSJ

07/15/2022

Less than a minute

2022.07.15 05:11

Amazon is reducing its private-label items - WSJ
FILE PHOTO: An Amazon logo is pictured at a logistics centre in Mannheim, Germany, September 17, 2019. REUTERS/Ralph Orlowski

(Reuters) – Amazon.com Inc (NASDAQ:AMZN) 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 did not immediately respond to a Reuters’ request for comment.

07/15/2022

Less than a minute

Leave a Reply Cancel reply

You must be logged in to post a comment.

Bitcoin (BTC) $ 63,029.89 0.46%

Ethereum (ETH) $ 2,583.70 0.47%

Tether (USDT) $ 0.999989 0.04%

BNB (BNB) $ 583.50 0.27%

Solana (SOL) $ 144.84 2.25%

USDC (USDC) $ 0.999985 0.02%

XRP (XRP) $ 0.591868 1.96%

Lido Staked Ether (STETH) $ 2,582.58 0.53%

Dogecoin (DOGE) $ 0.106577 1.93%

the-open-network

Toncoin (TON) $ 5.60 1.53%

TRON (TRX) $ 0.151448 0.66%

Cardano (ADA) $ 0.350864 1.77%

Avalanche (AVAX) $ 27.06 1.78%

Wrapped stETH (WSTETH) $ 3,048.30 0.79%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 62,883.85 0.56%

Shiba Inu (SHIB) $ 0.000015 1.89%

WETH (WETH) $ 2,585.98 0.57%

Chainlink (LINK) $ 11.13 2.01%

Bitcoin Cash (BCH) $ 341.97 0.24%

Polkadot (DOT) $ 4.35 1.55%

Dai (DAI) $ 1.00 0.03%

LEO Token (LEO) $ 5.73 0.66%

Litecoin (LTC) $ 67.53 1.37%

Uniswap (UNI) $ 6.64 3.33%

NEAR Protocol (NEAR) $ 4.51 0.10%

Wrapped eETH (WEETH) $ 2,705.60 0.58%

Sui (SUI) $ 1.58 6.92%

Kaspa (KAS) $ 0.16551 3.20%

Artificial Superintelligence Alliance (FET) $ 1.61 1.94%

Aptos (APT) $ 8.00 2.65%

internet-computer

Internet Computer (ICP) $ 8.27 3.26%

Bittensor (TAO) $ 464.34 0.79%

Pepe (PEPE) $ 0.000008 2.98%

Monero (XMR) $ 176.88 0.02%

first-digital-usd

First Digital USD (FDUSD) $ 1.00 0.02%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.401101 1.71%

Stellar (XLM) $ 0.096203 2.03%

Ethereum Classic (ETC) $ 18.91 1.91%

Immutable (IMX) $ 1.67 2.26%

Ethena USDe (USDE) $ 0.998955 0.01%

Stacks (STX) $ 1.70 2.93%

OKB (OKB) $ 40.03 0.76%

Aave (AAVE) $ 159.05 4.90%

crypto-com-chain

Cronos (CRO) $ 0.085324 2.29%

Render (RENDER) $ 5.57 1.42%

Arbitrum (ARB) $ 0.600497 0.25%

Filecoin (FIL) $ 3.70 3.28%

injective-protocol

Injective (INJ) $ 21.36 0.56%

Mantle (MNT) $ 0.634909 3.03%

Optimism (OP) $ 1.70 0.38%