Amazon.com, Inc., also known as simply Amazon, is an American electronic commerce and cloud computing company based in Seattle, Washington that was founded by Jeff Bezos on July 5, 1994. The tech giant is the largest Internet-based retailer in the world by total sales and market capitalisation. Amazon.com started as an online bookstore and later diversified to sell DVDs, Blu-rays, CDs, video downloads/streaming, MP3 downloads/streaming, audiobook downloads/streaming, software, video games, electronics, apparel, furniture, food, toys, and jewellery. The company also produces consumer electronics—notably, Kindle e-readers, Fire tablets, Fire TV, and Echo—and is the world’s largest provider of cloud infrastructure services (IaaS and PaaS). Amazon also sells certain low-end products like USB cables under its in-house brand AmazonBasics.
The company also has separated retail websites for United states, the United kingdom, France, Ireland, Germany, Australia, Brazil, India, China, Japan and Mexico. It also provides international shipping to other certain countries.
Recently it is in the limelight that the company has been amplifying its private label business in recent months, though consumers at some insane are unable to identify its own brands easily. But on the contrary these private labels have been gainning potency, according to the latest news by from 1010data.
Numeral Amazon brands such as AmazonBasics, kid’s clothing brand Scout +Ro, Amazon Elements, and other Amazon-manufactured devices like Echo, Kindle and Fire TV.
AmazonBasics which is a private label line of Amazon.com was the top equilibrist in this year. About 2000 and above different products are listed in this array of “everyday essentials” which is included in this private label line, making it Amazon’s largest private label to date.
During the first half of 2017 this group of products pulled in sales over $200 million, which was chased Another private label electronic lines, including Echo, Fire TV and Kindle, which pulled in sales around $120 million, $110 million and $75 million, respectively amid the same time frame. Newer private labels rounded out the top ten. For example, Amazon’s Pinzon bedding and bath products generated $6.6 million, while its snack food line Happy Belly, launched last year, earned over $2 million during this same time.
Along with these private labels, kid’s clothing brand Scout + RO has seen the most advancing growth, with a 542 increase year-over-year, this growth is associated directly to the expansion of the line. Thus Jeff Bezos is probably one of the most blissful person in the world right now.
Image Source: Amazon