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Amazon set to shelve some private label brands to cut costs, address FTC scutiny - WSJ

August 10, 2023 1:18 PM EDT

On Thursday, the Wall Street Journal reported that Amazon (NASDAQ: AMZN) is shelving several of its private clothing brands as a way to cut expenses and deal with antitrust investigations.

The report states the e-commerce and tech giant has chosen to eradicate 27 of its 30... More