The leading e-commerce company, Amazon India, is planning to scale up its private label business. The company is planning to launch brands in new categories this year as it continues to close the gap with local rival and market leader Flipkart.
In an interview with Mint, Manish Tiwary, Vice President, Amazon India told that the company will aggressively expand its private label this year with potential launch in new categories. He declined to specify which segments his company plans to launch new private brands but the move will counter Flipkart, which has also made an aggressive push into private labels over the past year.
Amazon India is said to be following on Flipkart’s playbook and will launch a separate private label brand for certain large appliances as well as smaller appliances. “We have selection gaps in every category…our large vendors on the private labels side, we’ll keep on filling the gaps using them,” Tiwary told Mint.
Amazon has so far launched at least five private label brands on its platforms with Symbol and Myx in the fashion and apparels segment, Solimo in home furnishing or small appliances segment, Tenor in smartphones. It also has AmazonBasics, an in-house brand with global appeal catering to electronics and accessories.
Amazon says it is exploring options to either expand or launch new products under existing in-house brands such as Solimo and Myx. “I have more than enough to do with Symbol, Myx, Solimo and Tenor… let’s take Solimo as an example — we have 400 ASNs (Amazon’s in-house lingo for stock keeping units) and we’ll add at least more than double the number of ASNs across categories,” said Tiwary.
Source – Bgr