Amazon Bets On $5 Private-Label Groceries To Win Over Inflation-Weary Shoppers
1. Amazon combines grocery brands into a $5-and-under essentials line. 2. Private label sales rose 15% year-over-year as inflation impacts consumer habits. 3. New grocery items include bakery goods and snacks, appealing to cost-conscious shoppers. 4. Inflation pressures are leading consumers to seek better value in grocery purchases. 5. Amazon aims to increase market share in the competitive grocery sector.