Amazon Ridding Itself of Small Vendors and Topshop to Shutter All U.S Locations

AMAZON SLIMS DOWN
Amazon is officially tapping out of the retail race, or so it seems. The company is planning to remove what appears to be thousands of smaller vendors from its core business model.
Now, those sellers will still be able to use the Amazon platform to sell, but they will own the inventory, they may or may not handle fulfillment and, most importantly, they will only get paid if and when a sale is made. Amazon will collect a commission for its services.
The criteria for vendors to continue to use the traditional Amazon system has been reported to be $10 million in annual sales, with variations for particular classifications. As such, this could impact a huge number of companies that sell on the site.
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TOPSHOP TO CLOSE ALL U.S. LOCATIONS
Arcadia Group, which runs its Topshop and Topman brands, and in the U.K. and Ireland, also runs Dorothy Perkins and Miss Selfridge, could shutter all 22 of its U.S. stores, according to multiple media reports and documents filed Wednesday with the United States Bankruptcy Court Southern District Of New York.
The conglomerate's ability to withstand everyday retail challenges plus uncertainties introduced by Brexit have also been undermined by its billionaire chairman, Sir Philip Green, who has piled it with debt and whose personal behavior has lost it key partnerships, including Beyonce's Ivy Park.
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