Postmates CEO slams Amazon's private label push: 'Most of it is crap'
LAS VEGAS—Postmates co-founder and CEO Bastian Lehmann blasted Amazon's growing push into private label products during a fireside chat this morning at the Shoptalk 2016 conference.
The Wall Street Journal reported earlier this week that Amazon is expanding its private label line to include perishable foods, detergent and baby products, among other items, following its recent entry into private label apparel and accessories brands. When asked by LinkedIn editor Caroline Fairchild whether consumers want everything they buy to come from Amazon, Lehmann looked aghast.
"Most of it is crap anyway," Lehmann said. "There's so much crap and boring stuff... the last thing we need is more of the same."
Postmates offers on-demand deliveries from local merchants in major metropolitan markets across the U.S. Lehmann said its service now offers about 1.5 million product SKUs and touches 50,000 merchants each month.
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