Bezos Testifies Before Congress – Private Brand Under Attack!
[et_pb_section fb_built=”1″ _builder_version=”4.4.9″][et_pb_row _builder_version=”4.4.9″][et_pb_column _builder_version=”4.4.9″ type=”4_4″][et_pb_text _builder_version=”4.4.9″ hover_enabled=”0″]

On Wednesday, Amazon CEO Jeff Bezos, appeared virtually to testify before Congress, and along with CEOs from Facebook, Apple and Google to answer questions about anti-competitive behavior.

During the five-hour-long Q&A session, Bezos answered questions, ranging from private brand to counterfeit products. The questioning was intense, and Bezos often did not have answers the committee members liked.

When Rep. Pramila Jayapal asked him whether Amazon has ever used third-party seller data to create private brand products, Bezos said, “I can’t answer yes or no to that question.

“We have a policy against using seller-specific data to aid our private-label business,” he said When asked about the retailers use of third-party data Bezos said he didn’t know the specifics yet. “We continue to look into that very carefully.”

In a separate exchange with Rep. David Cicilline, Bezos intelligently dismissed the lawmaker’s claim.

“Isn’t it an inherent conflict of interest for Amazon to produce and sell products that compete directly with third-party sellers, particularly when you Amazon set the rules of the game?” Cicilline asked Bezos.

He replied, “Consumers are the ones ultimately making the decisions about what to buy, what price to buy at and whom to buy from.”

 

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
By Published On: July 30th, 2020Tags: , , , , ,

Share This Incite!

About the Author: Christopher Durham

Christopher Durham is the president of the Velocity Institute. Prior to this he founded the groundbreaking site My Private Brand. He is the co-founder of The Vertex Awards. He began his retail career building brands at Food Lion and Lowe’s Home Improvement. Durham has worked with retailers around the world, including Albertsons, Family Dollar, Petco, Staples, Office Depot, Best Buy, Metro Canada. Durham has published seven definitive books on private brands, including Fifty2: The My Private Brand Project and Vanguard: Vintage Originals.

2024 EVENTS

TICKETS, SPONSORSHIPS & EXPO BOOTHS NOW AVAILABLE

VELOCITY
CONFERENCE + EXPO

CHARLOTTE, NC

MAY 13-15, 2024

VELOCITY
EUROPE 2024

FREE VIRTUAL SUMMIT

JUNE 27, 2024

VELOCITY
SUSTAINABILITY SUMMIT 2024

PHOENIX, ARIZONA

OCTOBER 22-23, 2024

VELOCITY
BOLD BASH 2024

CHICAGO, IL

NOVEMBER 18, 2024