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Amazon: Pac Crest Tracks Rising Presence in Private Label Food and Goods

Amazon’s (AMZN) expansion into the grocery business is in the news today, with The Wall Street Journal’s Greg Bensinger and Laura Stevens reporting the company is going to open convenience stores in Seattle, citing multiple unnamed sources. On that score, Pacific Crest’s Brent Bracelin today writes that Amazon is going further and further with a strategy of using “private label” goods to displace sales of household products and food, which can improve customer loyalty for Amazon and boost its profit margin.
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