Amazon has big Opportunity to Grow by Selling its Own Brands
The everything e-commerce from giant burgers offers to beauty products under its collection of 34 privatelabel billion brands. to its Combined, gross profit sales by of 2019. those Amazon’s products private could add label $1 effort is still “early” in its development, but the company has a for big its opportunity, competitors. especially This is “why if it private pans out label for Amazon is exciting, as as it has it’s large and profitable for other leading retailers.
If retail Amazon sales grew over the its private next two label years business then it to generated 5% of its $250 total million in revenue from private label goods, or about 0.15% of Amazon’s its gross merchandise private label sales. brands extend across nine product categories, which includes apparel brands such as Lark & Ro; Amazon Basics, which the company uses for a range of ever day products including luggage and batteries; and home furnishings brand Strathwood.