Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Amazon Inc. plans to axe several of its in-house private labels, streamlining its vast product lineup. Amidst rapid expansion and antitrust concerns, the e-commerce giant's move prioritizes customer favorites like Amazon Basics. The decision may impact dozens of brands, leaving fewer than 20 standing as antitrust probes intensify.
Amazon confirmed to CNBC that it will eliminate some of its private labels. The company explained that its brands have expanded rapidly over the years. So it has been offering various goods such as apparel under its Goodthreads label, furniture by its Rivet brand, Amazon Basics, and Presto! paper towels.
The vice president of Amazon Private Brands, Matt Taddy, said they are looking to reduce the number of their in-house products so some labels are set to be stamped out. They will pick the products that customers do not really patronize, and these will be removed from the lineup.
The online retailer did not say how many private brands it intends to eject. However, it was suggested that dozens may be cut, and fewer than 20 private labels remain.
“We always make decisions based on what our customers want, and we have learned that customers seek out our biggest brands like Amazon Basics and Amazon Essentials for great value with high-quality products at great price points,” Taddy explained.
Meanwhile, the company’s private label unit is also facing antitrust scrutiny after third-party sellers claimed that some Amazon executives unnecessarily accessed merchant data to create their own products. Several brands alleged that the company has been copying and selling their items at lower prices, making it hard for them to compete.
According to Reuters, Amazon is considering its exit from the private brands business as a means of concession if the U.S. Federal Trade Commission (FTC) files an antitrust lawsuit against the company.
Photo by: Yender Gonzalez/Unsplash
