Amazon's problem attracting luxury goods
High-end brands are giving Amazon some pushback on its policies about counterfeits and unauthorized sellers, leaving Amazon sales devoid of some luxury products, the WSJ reports. Selling luxury is all about keeping it exclusive, and when counterfeits abound, that exclusivity of a brand can be lost.
Why it matters: Amazon's growing dominance in retail is changing the way goods are bought and sold and even pushing some retailers to change up their sale strategies, but this shows a potential gap in Amazon's strength in the market. In particular, it could be hurting its margins and isn't attracting in some potentially loyal Amazon Prime customers, which is popular among higher-income shoppers.