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Katie SchoolovThrasio, the top aggregator of Amazon third-party sellers, is losing its CEO and five other senior executives, months after the former highflier filed for bankruptcy. Greg Greeley, Thrasio's CEO, informed staff on Tuesday that he plans to resign, according to an internal memo viewed by CNBC. Thrasio filed for bankruptcy in February and said it had agreed with lenders to restructure some of its debt load. Alongside the C-suite shakeup, Thrasio is also laying off "employees at every level," according to the memo. They're also inquiring about officers and directors involved in over $300 million in company stock sales "that has given rise to allegations of fraud."
Persons: Prosper, Katie Schoolov Thrasio, Greg Greeley, Josh Burke, Stephanie Fox, Greeley, Thrasio, Goldman Sachs, JPMorgan Chase, They're, Josh Silberstein Organizations: Amazon, CNBC, Finance, BlackRock, JPMorgan, CNBC's, U.S . Customs, Border Protection, GXO Logistics, Walmart Locations: Las Vegas , Nevada, U.S
Peak Design CEO Peter Dering compares his company's Everyday Sling Bag to the Amazon private label version at his San Francisco headquarters on September 6, 2022. A selection of some of Amazon's 118+ private label brands as of October, 2022. Then there are specialty firms that only do private labels, and some store brands have their own devoted manufacturing facilities. By comparison, private labels make up a whopping 77% of Aldi's sales, followed by Trader Joe's at 59% and Wegmans at 49%. A variety of Amazon's private label goods are shown on September 29, 2022.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Amazon private labels work, from AmazonBasics to its 100+ other owned brandsAmazon has 118+ private label brands, some that carry the Amazon name and others cleverly disguised without it. It's been accused of scraping seller data to make nearly identical versions of bestselling brand-name items, like Peak Design's Everyday Sling Bag. But Amazon says it's continuing to invest in its own brands, despite rumors its scaling back to appease regulators. Here's how private labels work, and why experts say the high margin products like AmazonBasics batteries are going nowhere.
Then in 2019, it paid $97 million for a mesh Wi-Fi system called Eero to help connect multiple smart devices in the home. Amazon's Eero mesh WiFi systems are shown inside the Amazon smart lab in Seattle, Washington, on September 9, 2022. Amazon's Ring Video Doorbell 4 is shown at the Amazon smart home lab in Seattle, Washington, on September 9, 2022. Or you may have actually told Alexa, 'Alexa, I'm leaving,' and to switch on your alarm system, for example," Koopmans said. Amazon's Smart Thermostat is shown inside the Amazon smart lab in Seattle, Washington, on September 9, 2022.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon's smart home dominance and how it could grow with iRobot acquisitionAmazon ships more U.S. smart home devices than any other company and says Alexa now works on 140,000 products. After buying video doorbell maker Ring in 2018 and mesh WiFi system Eero in 2019, Amazon's now trying to buy Roomba vacuum maker iRobot. But the FTC is asking for more information before approving the $1.7 billion deal. Ahead of its annual smart home event, CNBC asked Amazon about what really happens to all the data collected by its devices and how it dominates the internet of things.
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