Retailers launch coalition to fight counterfeits on Amazon
FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, April 22, 2020. REUTERS/Pascal Rossignol
Get Alerts WMT Hot Sheet
Join SI Premium – FREE
By Nandita Bose
WASHINGTON (Reuters) - The Retail Industry Leaders Association (RILA), whose members include companies such as Walmart Inc (NYSE: WMT) and Target Corp (NYSE: TGT), said on Friday it has joined over a dozen trade groups to form a coalition to fight counterfeit goods on online platforms such as Amazon.com Inc (NASDAQ: AMZN).
The coalition, called The Buy Safe America Coalition, will back legislation that would require digital marketplaces to verify information about third-party merchants on their platform, RILA said.
The lobbying push comes at a time when Amazon has been under scrutiny from lawmakers and the White House over the sale of counterfeit items.
In addition to RILA, the Toy Association, American Apparel & Footwear Association, the Fashion Jewelry and Accessories Trade Association and other industry groups are also joining the coalition.
Bloomberg was first to report the story.
(Reporting by Nandita Bose in Washington; Editing by Nick Zieminski)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- NBA in talks with Amazon, Youtube on new streaming package - WSJ
- Smaller towns in South Korea bear brunt of doctors’ shortage
- Italy sets conditions for Vitol's takeover of Saras
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!