Amazon Makes Drastic Cuts to Private Label Business in Advance of Potential FTC Antitrust Probe
Retail TouchPoints
AUGUST 14, 2023
Amazon is dropping dozens of its private label brands as it works to shore up profits and prepares for the potential of an antitrust lawsuit from the Federal Trade Commission (FTC), according to the Wall Street Journal. The Amazon Basics label, for home goods and tech accessories, also will be sticking around.
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