Posted September 28, 2018 09:11:13Amazon is selling off some of its most valuable online items, but not everyone is happy about it.
Amazon is downgrading some of the more popular items in its online shop and will soon begin selling the $2.2 billion Home Depot store online.
It will also start selling the iconic $200 pair of Nike sneakers online.
Read More: The retailer is not doing it because of its lower prices or the company’s financials, according to the company.
The retailer’s online store is down to around 90% of its former size and features an assortment of popular items, including furniture, jewelry, and more.
The company said the decision to drop some items and sell more items online is based on the increasing demand for its products and its profitability.
Read moreAmazon also is downsizing some of Amazon’s more popular products, including shoes, accessories, and home decor.
The online store has about 1.3 million items, down from 2.4 million when the company went public in 2013.
It has sold items like books and DVDs, but is down from about 2 million items when the online retailer went public back in January.
The move will bring Amazon’s online sales in line with its brick-and-mortar rivals, and could also help the retailer attract customers away from Walmart and other retailers, according a source familiar with the matter.
“This is part of a broader strategy that Amazon is going to continue to build toward becoming a truly global leader in online retail,” said the source, who asked not to be identified due to the sensitivity of the matter and the companys ongoing financial troubles.
Read on to find out how you can buy online for less.
Read On Forbes: Amazon has a $1.2 trillion IPO in its futureRead More on Forbes:What to know about Amazon’s stock:Amazon shares rose more than 8% on Thursday, but are down about 20% since the start of the year.
They closed Thursday at $16.65.
