Amazon is dropping dozens of in-house brands you didn’t even know it owned

Illustration showing Amazon’s logo on a black, orange, and tan background, formed by outlines of the letter “A.”
Illustration by Alex Castro / The Verge

Amazon is slashing the number of in-house brands it offers on its marketplace. The retail giant plans on cutting 27 of its 30 private-label clothing brands as it looks to cut costs and stave off antitrust scrutiny, according to a report from The Wall Street Journal.

Over the years, Amazon has created dozens of private-label brands across a variety of departments, most of which operate without Amazon branding, such as Solimo, Wag, and Mama Bear. However, this cutback will leave Amazon with just three in-house clothing brands: Amazon Essentials, Amazon Collection, and Amazon Aware.

Additionally, the WSJ notes that Amazon is ditching some private-label furniture brands as well, including Rivet and Stone & Beam. Sources close to the...

Continue reading…



from The Verge - All Posts https://ift.tt/0d5lk8R

Comments

Post a Comment

Popular posts from this blog

The Twitter board is reportedly not interested in Elon’s takeover offer

Image
Twitter’s board may have its work cut out for it. | Photo by Vjeran Pavic / The Verge Twitter’s board could be in for a fight with the company’s single largest shareholder. According to a report from The Information , it views Elon Musk’s offer to take over the company as unwelcome. This follows Musk’s offer to purchase the company for $43 billion earlier today. The company hasn’t publicly indicated how it’s planning on responding to Musk’s offer, but it’s reportedly planning to address it at an all-hands meeting at 5PM ET / 2PM PT today. Twitter’s board is also reportedly considering using a “poison pill” strategy to make it more difficult for Elon to acquire a large stake in the company and avoid a hostile takeover. Poison pills can, as one example , flood the market with shares once an investor acquires stock above a... Continue reading… from The Verge - All Posts https://ift.tt/9sVeQRp
Read more

Amazon is acquiring a podcast hosting and monetization platform

Image
Amazon Music Amazon Music is getting more serious about its podcast endeavors. Today, the company announced that it’s acquiring Art19, a major podcast hosting and monetization platform for an undisclosed sum. This means Amazon will now have a hand in hosting podcasters’ shows as well as selling ads against them because Art19 operates an ad marketplace that targets and inserts ads into programming. We’ve reached out to Amazon Music to learn more about what this acquisition might mean for podcasters who host on the service and will update if we hear back. This is a major step for Amazon as it looks to take on a bigger role in the podcasting world. Amazon Music only started offering podcasts in September last year , as did Audible in October . But in the... Continue reading… from The Verge - All Posts https://ift.tt/3xRMfb6
Read more