Amazon says its private labels are only 1% of its business, but new data shows some are seeing huge growth

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Amazon responded to criticism from Sen. Elizabeth Warren by saying that private labels only account for about 1% of Amazon's sales.

In a statement sent to Business Insider, Amazon elaborated:"Amazon uses data about individual sellers only to support them or enhance or protect our customers' experience. We prohibit the use of individual sellers' data to compete with them through our first-party offerings, including through our private label products.""Private label products are a common retail practice, and Amazon's private label products are only about 1% of our total sales.

All told, sales from Amazon's private-label brands are still under $1 billion, according to analysis by Marketplace Pulse. That's a lot taken in isolation, but it's also just a fraction of the $122.9 billion Amazon raked in last year from direct online retail sales. But data shows that sales of these brands are growing quickly. From 2017 to 2018, Amazon's more than 100 private brands only saw 2% sales growth, according to new data from Numerator. But, breaking it down into categories can reveal more.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Any store/supermarket you go to have thier own brand/products. Why are they only focusing on Amazon?

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon is shutting down its China marketplace business. Here's why it has struggledAmazon said it will 'no longer operate a marketplace on Amazon.cn' and 'will no longer be providing seller services on Amazon.cn effective July 18.' This is surprising. I would have thought JeffBezos would have been more aggressive in this space considering it's size. The article mentions 'The U.S. giant has also not been as aggressive on the marketing front as some of its rivals.' I wonder why this was. Possible MorA? Lebok
Source: CNBC - 🏆 12. / 72 Read more »

Everyone is bullish on Amazon — what that might mean for investors ahead of earningsAmazon.com Inc. investors should be warned that Wall Street may be a bit complacent on the e-commerce and cloud giant’s stock, ahead of the first-quarter...
Source: MarketWatch - 🏆 3. / 97 Read more »